ADNOC Logistics & Services has unveiled ambitious plans to enhance its integrated logistics sector in 2024. These plans include the acquisition of 20 new maritime assets, such as nine support vessels and two offshore accommodation platforms, to support its expanding operations.
Investments Fuel Revenue Growth
Strategic investments have propelled ADNOC Logistics to achieve a remarkable 51% growth in logistics revenue during the first nine months of 2024, totaling AED 6.14 billion.
Regional Expansion Supported by Key Contracts
The company has secured major contracts to lease offshore support platforms in the UAE, Saudi Arabia, and Qatar. Highlights include a five-year contract in Qatar and eight additional contracts supporting operations at the Upper Zakum and Lower Zakum fields.
Global Ambitions
Building on its regional success, ADNOC Logistics is setting its sights on international markets. The company currently operates offshore platforms in the United States and the North Sea and aims to expand its footprint in these critical regions.
A Growing Sector Post-IPO
Since its IPO in June 2023, ADNOC Logistics has experienced rapid growth in its integrated logistics services, solidifying its position as the backbone of ADNOC’s operations.