ADNOC Says Work Underway to Ensure Reliable Supply after Fuel Depot Incident

ADNOC Says Work Underway to Ensure Reliable Supply after Fuel Depot Incident
TT

ADNOC Says Work Underway to Ensure Reliable Supply after Fuel Depot Incident

ADNOC Says Work Underway to Ensure Reliable Supply after Fuel Depot Incident

UAE oil firm ADNOC has activated business continuity plans to ensure reliable, uninterrupted supply of products to local and international customers after an incident at its Mussafah fuel depot in Abu Dhabi, the firm said on Twitter.

It added that it would also work to ensure the safety of employees.

Earlier on Monday, ADNOC revealed that an incident occurred at Mussafah Fuel Depot, saying it resulted in the outbreak of a fire.

"ADNOC is deeply saddened to confirm that three colleagues have died," the company said in a Twitter statement.

The group also said six were injured and received immediate specialist medical care, noting that professional support teams were supporting the families of all those who have been impacted.

"We are working closely with the relevant authorities to determine the exact cause and a detailed investigation has commenced," it confirmed.



Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova
TT

Russia's Novak: Oil Market Balanced Thanks to OPEC+

Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024.  REUTERS/Olesya Astakhova
Russia's Deputy Prime Minister Alexander Novak and OPEC Secretary General Haitham Al Ghais attend a news briefing in Moscow, Russia November 22, 2024. REUTERS/Olesya Astakhova

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting.
OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow.
"Today, while discussing the situation and forecasts, we assess the current market as balanced. That's thanks primarily to the actions of OPEC+ countries and coordinated actions to comply with the quotas, voluntary commitments of OPEC+ count," Novak said.
The meeting comes as OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, prepares to meet on Dec.1.