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ADNOC receives first of 15 newbuilds

ADNOC receives first of 15 newbuilds

Abu Dhabi: The Abu Dhabi National Oil Company (ADNOC) yesterday received the first of 15 tankers and chemical carriers that will make it a major force in the Gulf's shipping industry. The company's two tanker divisions operate 14 vessels shipping oil, natural gas, chemicals and equipment across the world. Over the next 11 months, ADNOC will take on the 15 new ships including yesterday's delivery, a bulk carrier designed to transport sulphur.?The delivery "signifies the beginning of a major expansion of our fleet of tankers, bulk carriers and container vessels, which we have long been planning to achieve in order to meet the growing demand of the ADNOC group of companies", said Ali al Yabhouni, the general manager of both shipping divisions.?The bulk carrier "will be traded also in the open market" when not needed by ADNOC, the company said. Abu Dhabi's output of sulphur, plastics and oil products is set to increase sharply in the next five years as ADNOC completes expansions to refineries and chemical plants. [28/10/10]

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