Adnoc Logistics & Services is planning to acquire more vessels based on what chief executive Abdulkareem Al Masabi describes as a “smart growth” strategy, in line with its parent group’s investment projects to expand hydrocarbon production capacity.
To meet rising demand within the United Arab Emirates and from overseas clients, parent Abu Dhabi National Oil Co (Adnoc) is pouring money into expansion projects that can raise its output of crude, oil products, chemicals and sulphur in the coming decade.
