Tag Archives: Abu Dhabi National Oil Co. (ADNOC)

Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.

ADNOC is to maintain a 60 percent share during the production phase. he said at a news event in Abu Dhabi to announce the bidding round.

France has a military base in Abu Dhabi and is a major seller of arms to the UAE.

French Energy Company awarded a 20% stake in the Umm Shaif and Nasr concession. 5% interest in the Lower Zakum concession.

The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.

The Abu Dhabi oil major plans to invest $3.1 billion into the refinery project to introduce crude processing flexibility.

State-owned oil firm is already a major energy and petrochemical supplier to the Asian country.

Volume of the greenhouse gas locked away underground will be equivalent to more than 1m vehicles each day.

The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.