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

ADNOC is weighing the possibility of dropping restrictions on destinations for all its crude oil.

India had bought about 300.000 barrels per day (bpd) of Iranian oil under the six-month U.S. sanctions waiver.

Aramco is expanding its refining and petrochemical business globally.

India has already built 5.33 million tons of underground reserves in three locations.

Aramco is also expanding its refining investments in China.

The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.

The agreement is in line with recent trends towards locking in longer-term supply of products in Asia.

Saudi Arabia is the only producer with significant spare capacity of around two million bpd.