ADNOC's eighth spot tender since June shows the UAE ramping up crude exports outside OPEC despite Hormuz shipping risks.

Abu Dhabi National Oil Co (Adnoc), the Emirate's national oil company, announced plans to construct a new gas export facility to bypass the Strait of Hormuz.

ADNOC's eighth spot tender since June shows the UAE ramping up crude exports outside OPEC despite Hormuz shipping risks.