ADNOC buys 11 supertankers for $1.3 billion to expand export fleet
Adding supertankers expands ADNOC's ability to move crude oil and could ease export constraints.
Source →The trace
How it reaches your house.
Starting from ADNOC, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
ADNOC →supply upgas and crude oil shipping capacity
ADNOC L&S said the $1.3 billion vessel acquisition will rapidly expand its gas and crude oil shipping capacity, directly easing export constraints.
“The investment will rapidly expand ADNOC L&S’ gas and crude oil shipping capacity and support ADNOC Group’s integrated value chain and continued growth in production, trading and export volumes.”
97% confidenceCited →Frontline plc →Stands to benefitADNOC Logistics & Services plc
ADNOC L&S bought five VLCCs from Frontline, directly expanding its fleet and shipping capacity.
“ADNOC Logistics and Services (ADNOC L&S) recently bought the five VLCCs from tanker company Frontline, the sources said.”
91% confidenceCited →
Where it lands
What you buy, and what you own.
Goods you buy
No consumer goods on this path.
Companies you may own
ADNOC Logistics & Services plc
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