(WO) — ADNOC Logistics & Services (ADNOC L&S) has agreed to acquire 11 crude oil and gas carriers for approximately $1.3 billion, expanding its maritime fleet to support ADNOC Group’s growing production, trading and export activities.
The acquisition includes six Very Large Crude Carriers (VLCCs) and five Very Large Gas Carriers (VLGCs). Nine vessels—six VLCCs and three VLGCs—were purchased on the secondary market and are scheduled for delivery during the third quarter of 2026, while two additional VLGC newbuilds are expected to join the fleet in the fourth quarter.
Upon delivery, ADNOC L&S’s fleet will grow to 14 VLCCs and 12 VLGCs, increasing the company’s capacity to transport crude oil and liquefied petroleum gas to international markets.
“This $1.3 billion investment reflects the disciplined execution of our growth strategy and our commitment to building world-class maritime logistics capabilities for the energy sector,” said Captain Abdulkareem Al Masabi, CEO of ADNOC L&S. “By adding 11 vessels, we are expanding our capacity to support ADNOC’s growing exports, serve customers in key markets and capture opportunities in international energy trade.”
According to the company, the acquisitions provide immediate operational capacity while strengthening the scale and flexibility of its global shipping business. The expansion supports ADNOC Group’s integrated value chain as it continues to increase hydrocarbon production and exports.
The announcement follows a series of investments by ADNOC aimed at expanding both upstream production capacity and the infrastructure needed to deliver crude oil and gas to global markets.
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