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

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ADNOC’s Aggressive Push for Global Energy Assets
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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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