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Shipping now eats 30% of a barrel’s cost, says ADNOC's Al Jaber

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Gulf News
“Shipping now eats 30% of a barrel’s cost, says ADNOC's Al Jaber”

Abu Dhabi: Global energy security must be measured by delivery, not production alone, says Dr. Sultan Ahmed Al Jaber at the opening of ADIPEC 2026 in Abu Dhabi on November 2. The UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, told delegates that the industry must rethink how it builds, protects and delivers energy going forward. This after a year of disruption has exposed weak points in supply chains. Disruption drains nearly 1b barrels Nearly one…

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