Abu Dhabi National Oil Company (ADNOC) and Saudi Aramco will sign an agreement at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) in Abu Dhabi on November 13, The National reported.

The event will be attended by Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group chief executive, and Amin Nasser, Aramco president and chief executive, according to an emailed statement.

“The UAE and Kingdom of Saudi Arabia have a strong relationship built on strategic interests,” the statement said without any further details.

The two companies are exerting their best efforts to expand internationally, and boost refining and petrochemical production to extract greater value from their crude.