BusinessPhoto: Deccan HeraldUAE Sells Saudi Oil in Rare Tender Amid Gulf Tensions
The UAE Energy Ministry is selling 1.7 million barrels of Saudi Arab Light oil through a rare tender, involving the Gem No. 2 tanker, which was hit by an unidentified projectile last month. The sale, under UAE Federal Public Prosecution supervision, occurred amid heightened Gulf shipping risks due to the US-Israeli-Iran conflict. The tender closed on Monday for ship-to-ship transfer between November 10-20.
Deccan Herald·



