Decarbonisation set to boost Middle East oil producers and VLCCs

Decarbonisation set to boost Middle East oil producers and VLCCs

Via Paul Bartlett in seatrade-maritime.com: Gulf crude has the advantage of being less carbon-intensive than other oil, both in carbon content and ease of extraction. The report highlights the UAE where ADNOC has committed $23bn to decarbonisation projects, including $4bn for shipping onshore carbon-free electricity to provide power for offshore operations.





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