The contract period is for 15 years; Borouge to save more than $50mn in cost and efficiencies in the first five years alone
ADNOC Logistics & Services
Latest in ADNOC Logistics & Services
ADNOC Logistics & Services
ADNOC L&S takes delivery of second LNG Carrier
Al Rahba has a capacity of 175,000 cubic meters; new-generation LNG dual-fuel engines significantly reduce methane emissions
ADNOC
ADNOC Group companies announces $2.3bn profit in Q1
ADNOC Group’s public companies saw robust profits in first three months of 2025
ADNOC Logistics & Services
ADNOC L&S to trial 300kmph seaglider journeys in UAE
High-speed UAE seaglider journeys could transform marine transport for businesses
Abu Dhabi
Strategic expansion leads to another solid quarter for ADNOC L&S
Revenue increases 41% to $1.18bn and EBITDA up 20% YoY to $344mn following completion of Navig8 acquisition in January 2025
ADNOC
ADNOC Group of companies approved $6.7bn of dividends for shareholders for 2024
ADNOC Group public companies have approved massive dividend pay-outs for shareholders
ADNOC
ADNOC companies report $50bn revenue and $9bn net profit
ADNOC’s L&S, Gas, Drilling, Distribution arms, plus Fertiglobe and Borouge drive massive dividends and revenue
ADNOC
ADNOC L&S reports 22% jump in 2024 net profit to $756mn, revenue surges 29%
The company said the strong financial returns in 2024 were due to robust performance across all business segments
Abu Dhabi
ADNOC L&S inks $2bn hybrid capital instrument financing with leading banks
Initial drawing against the HCI will be $1.1 billion
Abu Dhabi
ADNOC L&S completes $1.04bn acquisition of 80% stake in Navig8
Will acquire remaining 20% stake in mid-2027 for up to $450 million; Navig8 set to ADNOC L&S earnings per share by at least 20% in 2025
ADNOC
ADNOC L&S adds 20 offshore assets as 9-month revenues climb to $1.67bn
ADNOC L&S has seen significant growth in 2024 as it added to offshore asset
ADNOC
ADNOC L&S JV awards $250mn deal for two very large ammonia carriers
The shipbuilding contracts were signed in Abu Dhabi on the sideline of an opening ceremony for Jiangnan Shipyard’s first office in the Middle East
Abu Dhabi
ADNOC L&S awards contracts for world’s largest ethane ammonia carriers
Jiangnan Shipyard to build up to 13 new vessels, including nine Very Large Ethane Carriers, with delivery from 2025 for a total value of $1.9 billion
ADNOC
ADNOC Logistics takes 80% stake in Navig8 for $1.04bn
ADNOC takes over shipping pool operator Navig8 for over $1bn
Abu Dhabi
ADNOC L&S revise earning guidance upwards after solid Q1 numbers
Revenue increases 42% YoY to $840 million with EBITDA up 44%; Net profit increases 34% to $193.9 million
Abu Dhabi
ADNOC L&S announces $65 million interim dividend for Q2 2023
The dividend will be equivalent to 3.2 fils per share
ADNOC
ADNOC invests $2bn in AI-powered eco super ships
ADNOC Logistics and Services investing heavily in sustainable transport