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

The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up.

Qatar Petroleum is also planning to set its official selling prices at a differential to regional benchmark grades such as Dubai and Oman.

International energy firms will be invited to participate in India’s privatization of state-owned oil companies.

The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.

ADNOC Drilling announced the completion of its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.

In February. Adnoc announced that it is building the world’s largest single underground project for oil storage.

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.