ADNOC planning to buy first crude tankers and other vessels under proposed fleet expansion

Image: ADNOC
Image: ADNOC – An ADNOC ship

Abu Dhabi National Oil Company (ADNOC) has unveiled its plans to expand its shipping fleet by acquiring more than 25 tankers, bulk carriers, and other vessels.

UAE minister of state and ADNOC CEO Dr Sultan Ahmed Al Jaber has stated that the fleet expansion will also cover the acquisition of the company’s first crude oil tankers.

The fleet expansion plan is to be implemented over a period of five years.

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