SHIP SHAPE

ADNOC spends $1.3B to expand tanker fleet

ADNOC has been using tactics including shipping under darkness with transponders switched off and military escorts to shuttle crude and other refined products out of the Gulf

ADNOC

ADNOC headquarters in Abu Dhabi

Abu Dhabi’s national oil company ADNOC is spending $1.3 billion to bolster its fleet of tankers as it continues to ramp up Gulf exports despite threats to shipping in the Strait of Hormuz.

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