UAE Invests $1.3Bln in Expanding Oil, Gas Tanker Fleet - Reports

NAMPA / Sputnik

2026-08-07

ABY DHABI, August 7 (RIA Novosti) - Abu Dhabi National Oil Company's ADNOC Logistics & Services has acquired five modern VLGC (Very Large Gas Carrier) gas carriers and six VLCC (Very Large Crude Carrier) tankers for gas and oil transportation for $1.3 billion, the WAM news agency reported on Friday. The company expects that the deal will rapidly expand its maritime gas and crude shipping capacity and support ADNOC's production growth, trade, and......

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