Abu Dhabi National Oil Company (ADNOC) has signed a 10-year agreement with China’s Wanhua Chemical Group for selling liquefied petroleum gas (LPG), the company said on November 10, Reuters reported.
The Chinese company’s LPG purchases from ADNOC will reach 1 million metric tonnes per year. ADNOC did not reveal the value of the agreement.
ADNOC produces 10.5 million metric tonnes of LPG annually, and sells it locally and internationally.