ADNOC’s Aggressive Push for Global Energy Assets ...Middle East

Abu Dhabi’s national oil company ADNOC continues to expand its global footprint in both upstream and downstream sectors. ADNOC Logistics and Services (L&S) announced the completion of a $1.08 billion acquisition of an 80% stake in UK-based product tanker operator Navig8. This acquisition gives ADNOC L&S control of a modern fleet of 32 tankers and expands its portfolio to include commercial pooling and bunkering services. Additionally, ADNOC L&S revealed that it will acquire the remaining 20% of Navig8 by mid-2027 for a deferred…

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