EconomyADNOC L&S expands fleet with $1.3 billion purchase of 11 vessels
ADNOC Logistics & Services, a unit of Abu Dhabi’s state oil company ADNOC, said it has bought 11 vessels for about $1.3 billion. The purchase comprises five Very Large Gas Carriers and six Very Large Crude Carriers. The transaction is valued at AED 4.8 billion. ADNOC L&S said the acquisition will increase its capacity to transport gas and crude oil.
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Reuters★★☆☆☆2026-08-07 11:50Original
ADNOC L&S expands fleet with $1.3 billion purchase of 11 vessels
Economy