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I just noticed that a major change has again emerged in the Middle East energy market. This Sunday, the Ruwais petrochemical facility in Abu Dhabi was shut down after an attack. According to a statement from the local government media office, multiple fires were caused by debris left after anti-aircraft missile interception, and fortunately there were no casualties.
This is not the first time it has happened. Last month, when the Ruwais industrial zone was attacked, Abu Dhabi’s only refinery was forced to close. The petrochemical plant that was taken offline this time is operated by Borouge, and it mainly produces polyethylene and polypropylene. It is an important part of the global chemicals and natural gas trading hub developed by Abu Dhabi National Oil Company.
What is even more worth noting is that these attacks have already become routine. Since late February, Abu Dhabi and the wider Persian Gulf region have frequently been subjected to multiple rounds of attacks. Last week, the natural gas processing facilities in Habbshan were also forced to stop operating; it is the country’s largest natural gas processing installation. It appears that Abu Dhabi’s key energy infrastructure is becoming a target for ongoing attacks, and the impact on the global energy supply chain is something that deserves continued monitoring.