ADNOC Fuel PLC on Monday confirmed casualties together with one fatality at its Habshan pure fuel processing complicated and mentioned the affected space has been “remoted”.
“[C]ustomer provide stays uninterrupted by ADNOC Fuel’ different amenities”, the fuel processing and gross sales arm of Abu Dhabi Nationwide Oil Co PJSC (ADNOC) mentioned in a web-based assertion.
The United Arab Emirates’ Ministry of Overseas Affairs (MoFA) first reported an assault on the power and the Bab discipline on March 19. The ministry mentioned in an announcement on its web site the “Iranian terrorist assault” had been “efficiently intercepted by the nation’s air defenses with no accidents reported”.
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“[T]his terrorist assault concentrating on important infrastructure and oil amenities represents a direct menace to regional safety and stability, in addition to to world vitality safety”, the MoFA mentioned.
Rigzone emailed a request for touch upon the reported Iranian assault to Iran’s Overseas Affairs Ministry.
ADNOC Fuel mentioned Monday, “ADNOC Fuel not too long ago skilled an incident on the Habshan complicated because of falling particles following the profitable interception by air protection techniques. Tragically one among our contractors misplaced his life and a number of other colleagues have been injured in the course of the evacuation of web site”.
The Habshan complicated hosts ADNOC Fuel’ essential processing operations, in keeping with the corporate. Right here 5 vegetation consisting of 14 processing trains with a mixed capability of 6.1 billion cubic toes a day produce fuel, pure fuel liquids, condensate and sulfur, ADNOC Fuel says on its web site.
In different issues, Monday’s assertion mentioned ADNOC Fuel shareholders had authorized $3.584 billion in dividends for 2025. The quantity “is the very best of any issuer on ADX [Abu Dhabi Securities Exchange] in 2025”, ADNOC Fuel mentioned. That features $896 million that has but to be distributed, subsequent month.
ADNOC Fuel earlier reported $5.2 billion in web revenue for final yr, up three p.c from 2024. The rise was pushed by home fuel operations, which noticed a ten p.c improve in EBITDA on the again of a 4 p.c improve in gross sales volumes.
“In 2025, ADNOC Fuel delivered file outcomes amid an evolving world vitality panorama formed by rising electrical energy demand, industrial development and the fast scaling of AI enabled applied sciences”, ADNOC Fuel chair and ADNOC chief government Sultan Ahmed Al Jaber mentioned in Monday’s assertion.
“Backed by disciplined capital allocation and world-class operational reliability, we superior strategic development initiatives, together with Wealthy Fuel Improvement Section 1, our largest-ever FID [final investment decision], whereas sustaining our dedication to predictable shareholder returns, together with our coverage of 5 p.c annual dividend development by 2030”, Al Jaber added.
“As world fuel demand continues to broaden, ADNOC Fuel is uniquely positioned to construct on this momentum and ship sustainable worth for the longer term.”
To contact the writer, e-mail jov.onsat@rigzone.com
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