Story thread · 3 reports / 3 sources

ADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export Fleet

oilprice.com · 4dShare

ADNOC has bought 11 very large crude and gas carriers for $1.3 billion as the national oil company of Abu Dhabi continues to expand its fleet of supertankers to boost crude and LNG exports. ADNOC’s unit ADNOC Logistics & Services plc on Friday announced it had acquired five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of about $1.3 billion. Nine of the vessels, six VLCCs and three VLGCs, were acquired on the secondary market. They are scheduled for delivery this quarter and…

First report: Adnoc L&S buys 11 new vessels for $1.3bn to boost oil and gas exports — thenationalnews.com, 4d