UAE's Adnoc Invests $1.3 Billion in Tanker Fleet Expansion

The UAE's largest oil producer, Adnoc, spent $1.3 billion to expand its tanker fleet, aiming to capitalize on surging crude exports after the country's departure from OPEC.

7 Aug, 07:32 — 7 Aug, 07:32

Post Share

Sources

Showing 1 of 1 sources

bloombergHigh20d ago

UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom

The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.

By Anthony Di Paola

Read full article →

PERSPECTA

PERSPECTA

UAE's Adnoc Invests $1.3 Billion in Tanker Fleet Expansion

Sources

UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom

Related Stories

Global Reactions Mount Following Death of Ratko Mladic

Severe Flooding in Nepal and Tibet Border Region Draws International Response

Russian Airstrikes Hit Ukraine as NATO Allies Review European Defense Posture

Convicted War Criminal Ratko Mladic Passes Away in Dutch Custody

PERSPECTA