Adnoc's maritime and logistics unit is acquiring six line boats for critical marine services across petroleum ports in the UAE capital.
Adnoc Logistics and Services procured the vessels from Sharjah-based Albwardy Damen, the company said on Tuesday.
The deal allows for significant value to flow back to the UAE economy and is in line with the company's efforts to procure more goods and services locally.
"We are committed to boosting our operations by contributing to the development of high-end shipbuilding and repair capabilities within the UAE," said Capt Abdulkareem Al Masabi, chief executive of Adnoc L&S.
"The country is emerging as a global hub for maritime and shipping operations, and we continue to enhance the business environment for shipping and affiliated sectors through such targeted capital expenditure."
The company uses line boats to berth and unberth tankers, as well as to handle hoses at oil terminals.
Adnoc L&S acquired the Damen Stan Tug 1606 type of line boat to provide maritime services. The boats are powered by two Caterpillar engines and have about 16 tonnes of bollard pull, which refers to the force exerted by a vessel under full power.
The company awarded the contract for the line boats in July 2020 to Albwardy Damen, a subsidiary of the Netherlands-based Damen Shipyards Group, a shipbuilding, defence and engineering services company.
The Sharjah-based contractor delivered four vessels to Adnoc L&S in May and two in June. The Dutch group has previously provided the Adnoc Group with 33 vessels.
Adnoc L&S is expanding its fleet capacity. The company acquired two very large crude carriers in April, raising its total crude oil cargo capacity to 16 million barrels in 2021.
The expansion is in line with Adnoc's commitment to raise its overall crude production capacity to 5 million barrels per day by 2030.
Earlier this month, Adnoc L&S signed an agreement with the Roll Group to offer logistics solutions for both onshore and offshore projects.
The Dutch company will offer end-to-end heavy lifting and transport solutions as part of the agreement.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5
RACE SCHEDULE
All times UAE ( 4 GMT)
Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm
Saturday, September 30
Qualifying: 1pm - 2pm
Sunday, October 1
Race: 11am - 1pm
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
BUNDESLIGA FIXTURES
Saturday
Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)
Bayer Leverkusen v Schalke (5.30pm)
Wolfsburg v Cologne (5.30pm)
Mainz v Arminia Bielefeld (5.30pm)
Augsburg v Hoffenheim (5.30pm)
RB Leipzig v Bayern Munich (8.30pm)
Borussia Monchengladbach v Freiburg (10.30pm)
Sunday
VfB Stuttgart v Werder Bremen (5.30pm)
Union Berlin v Hertha Berlin (8pm)