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Gulf oil exports expected to reach 94 percent
The article discusses the recovery of Gulf oil exports to near their normal levels, reaching approximately 94%, thanks to the use of a flexible maritime operation model called the "Hormuz Moke." This model relies on allocating massive tankers to transport oil and exchange shipments in the Gulf of Oman before delivering them to global markets. It was first implemented in May by ADNOC and later adopted by other companies such as Aramco and Kuwait, involving around 116 tankers. This approach provides greater flexibility in managing transportation operations and shipment distribution, despite the high operational costs. The cost of a single trip carrying two million barrels is estimated at around $58 million and takes between 10 and 15 days. Estimates indicate an increase in the value of maritime assets and transportation costs due to the rising demand for flexible-operating tankers.
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