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

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bloombergHigh3d 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

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

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

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