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Macro Finance

UAE’s Adnoc Spends $2.7 Billion on Ship-Buying Spree

Bloomberg Markets·August 25, 2026·1 min read

Adnoc, the UAE's largest oil and gas producer, has ordered two more liquefied natural gas carriers, extending a recent spree of vessel purchases. The acquisitions aim to expand energy exports in the coming years, bolstering the company's logistics and global reach in the LNG market.

Read at Bloomberg Markets
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