Abu Dhabi National Oil Company (ADNOC) subsidiary ADNOC Logistics and Services (ADNOC L&S) has formed a joint venture (JV) with Wanhua Chemical Group.
The JV will be named AW Shipping Limited and is included in Abu Dhabi Global Market (ADGM) in the UAE.
The JV boosts the partnership between ADNOC and the Chinese companies. It also adds on to the bilateral relations between the UAE and China.
AW Shipping will own and operate a fleet of modern product tankers and very large gas carriers (VLGCs).
The...
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