UAE
ADNOC Shipping Arm Looks East For Profits
Facing a downturn in tanker rates and resultant lower margins, state-owned Abu Dhabi National Oil Company (ADNOC) is growing increasingly dependent on the South Asia and Asia-Pacific markets to make a profit from its crude and products shipping division.
‘Ali al-Yabhuni, the CEO of Abu Dhabi National Tanker Company (ADNATCO), a wholly-owned ADNOC subsidiary, said “it is clear that the current situation in which...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!