Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to buy five supertankers to better manage its crude deliveries, Reuters 据报道 on Friday, quoting sources with knowledge of the deal.
ADNOC has acquired the five very large crude carriers (VLCCs) as the United Arab Emirates (UAE) looks to boost crude oil production and exports after exiting OPEC earlier this year, and despite the regional conflict that has stalled traffic through the Strait of Hormuz.
ADNOC Logistics and Services (ADNOC L&S) has bought the supertankers, capable of carrying up to 2 million barrels of crude oil each, from Frontline Plc, according to Reuters’ sources.
In an emailed statement to Reuters, ADNOC L&S said, “We do not comment on rumours or market speculation. ADNOC L&S continually reviews its fleet requirements and strategic growth opportunities.”
ADNOC L&S owns over 340 vessels and operates 600 chartered ships.
Meanwhile, the UAE produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to 估算 由国际能源署发布。.
The crude oil production in June was the highest ever on record for the UAE, nearly double the output from March 2026 when Middle Eastern producers slashed production at the start of the Hormuz crisis. The production level also topped the previous record of 4 million bpd from the spring of 2020 when the OPEC+ producers were fighting for market share in a brief price war during peak Covid.
阿联酋试图通过暗船偷偷通过霍尔木兹海峡来适应海峡关闭的局面，并越来越多地向富查伊拉近海和阿曼苏哈尔（海峡外）出售其多种原油等级，以进行装载。.
ADNOC is also boosting its LNG carrier fleet to grow its international gas business.
Earlier this month, ADNOC Logistics and Services placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand.
作者：Oilprice.com 的 Tsvetana Paraskova
更多来自 Oilprice.com 的热门文章
- Iran Rejects Oman’s Proposal to Evenly Divide Hormuz Control
- UK Regulator Targets Data Center Land Grab on the Power Grid
- Refined Fuels, Not Crude, Are Driving the Oil Market Crunch