ADNOC Logistics & Services a key player in boosting UAE’s energy economy

By Arya M Nair, Official Reporter
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The largest and most diversified integrated maritime logistics company in the Gulf, ADNOC Logistics and Services (ADNOC L&S) played a critical role in enabling the UAE’s oil and gas sector to recover and boost the economy of the country.

In more than 50 countries, the company’s shipping division assures a regular supply of crude oil, products, and gas/industry feedstock. From upstream to downstream, the Integrated Logistics unit provides fully integrated, turnkey logistics solutions that support the UAE’s oil and gas supply chain.

Its Marine Services segment operates a full suite of port management services across all Abu Dhabi petroleum ports, including the UAE’s largest oil spill response offering.

ADNOC L&S has evolved as a leader in shipping and integrated logistics for the Gulf energy industry by merging its services across all three sectors and utilizing its four-decade experience of delivering safe and efficient operations internationally.

ADNOC Group, ADNOC L&S’ main customer, plans to increase crude oil production capacity to more than 5 million barrels per day. Refining and petrochemical production capacity will also expand in the downstream sector as the company expands its activities to fulfill local and worldwide demand.

Additionally, ADNOC has formed ADNOC Trading (AT) and ADNOC Global Trading (AGT), two new trading enterprises which are part of ADNOC’s 2030 smart growth strategies. The company from where customers normally collected the products has changed so far to a service of delivering goods to them anywhere in the world.

ADNOC L&S added 20 deep-sea vessels to its fleet in response to the expected rise in production in 2020 and early 2021, showing a significant increase in owned fleet size compared to 2019. It added four bulk carriers and eight VLCCs (Very Large Crude Carriers) to its AW Shipping joint venture company, in addition to the five new builds and one recently built dual fuel VLGC (Very Large Gas Carriers).

With these additions, ADNOC L&S now has a total of 48 shipping vessels under its ownership. At any given moment, the company operates more than 120 maritime vessels, including charters. Through this targeted capacity expansion, ADNOC L&S can support ADNOC Group and its new trading operations.

Related: ADNOC invests $750mn in drilling-related services to boost offshore capacity