ADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export Fleet

ADNOC has bought 11 very large crude and gas carriers for $1. 3 billion as the national oil company of Abu Dhabi continues to expand its fleet of supertankers to boost crude and LNG exports.

ADNOC’s unit ADNOC Logistics & Services plc on Friday announced it had acquired five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of about $1. 3 billion.