Nearly 1bln barrels of crude drawn from inventories since Hormuz disruption: ADNOC CEO

The global energy industry must fundamentally rethink how it builds, protects and delivers secure energy, following a year of unprecedented disruption that has exposed critical vulnerabilities in international supply chains, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), said.

Delivering the opening address at ADIPEC 2026 in Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, Dr. Al Jaber said preparedness is essential to navigating an increasingly uncertain global landscape.

“For decades, energy security was a question for specialists. It was debated in rooms like this, by people like us, in a language that few needed to learn. This year, every family, every farmer, every industry and every business owner is asking about it, and our collective job is to find the answers.”

Stating it is not possible to control every situation and remove every risk, Dr. Al Jaber said, “The choices we make today will determine the energy landscape a decade from now. Let’s apply the lessons we have learned. Let’s build capacity and everything that supports it. Let’s forge partnerships that hold when it matters. And if you want a partner you can count on you are in the right room, in the right city, in the right country. Because when it counts the most, you can count on the UAE.”

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →