DRC

Oil giant ADNOC deploys supertankers to boost trade in Africa

The Emirati firm has since 2018 been strengthening and diversifying its oil trading business, including by poaching staff from TotalEnergies. Since the invasion of Ukraine, it has been making inroads in Africa by dispatching supertankers to countries with no storage capacity of their own. It also hopes to bag some long-term contracts, notably in the DRC. [...] (600 words)
Issue dated 29/09/2022 Reading time 3 minutes

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