Adnoc Supply Buys 11 Oil Tankers

Adnoc Shipping and Services announced its acquisition of 11 giant gas and oil tankers worth $1.3 billion as part of a plan to strengthen its maritime capabilities and support the growth of energy exports of the Adnoc Group. The deal includes five gas carriers and six oil tankers, with nine tankers scheduled for delivery in the third quarter, along with two new gas carriers currently under construction that will be delivered in the fourth quarter. This investment aims to enhance the company's ability to meet the increasing demand in the energy market, improve operational flexibility, and realize tangible financial returns in the near term.

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