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ADNOC to pay out $43 billion as dividends by 2030

Posted to Maritime Reporter on October 8, 2025

Abu Dhabi National Oil Company announced on Wednesday that six of its publicly listed subsidiaries would distribute 158 billion AED (43.02 billion dollars) in dividends before 2030. ADNOC Gas signed a contract worth 146,9 billion AED (40 billion dollars) for the Ruwais project.

Minister: Turkey is in discussions with Morocco about renting out a natural gas regasification system

Posted to Maritime Reporter on October 2, 2025

Alparslan Bayraktar, the Energy Minister of Turkey, said that talks are underway with Morocco to rent out a regasification vessel. Bayraktar told CNN Turk that Turkey has recently begun using its floating storage and regasification units (FSRU) for export…

Chairman: 47 ships have rerouted through the Suez Canal in this month.

Posted to Maritime Reporter on February 23, 2025

Osama Rabi, the chairman of Egypt's Suez Canal Authority, said that since February 1, 47 ships had been diverted from Cape of Good Hope into Suez Canal. Rabie stated earlier this month that the Red Sea Crisis did not create an alternative route for the canal…

Suez Canal revenues drop as some shippers avoid the Red Sea

Posted to Maritime Reporter on July 23, 2024

The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…

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