Abu Dhabi | Egypt Oil & Gas - Part 7
ADNOC Negotiates for a $5 Billion Loan
Abu Dhabi oil giant ADNOC has entered negotiations for syndicated loan worth up to $5 billion, Reuters reports. The company is negotiating with regional and international banks to obtain the loan, according to Reuters...
OPEC, Non-OPEC Countries to Discuss Non-Compliance with Agreement
Kuwait and Russia will chair a meeting in Abu Dhabi on August 7th and 8th to discuss why some signatories of last year’s oil-production agreement are failing to fulfill their promises to cut production, Bloomberg repo...
Abu Dhabi’s Baron Point Petroleum Enters JV with PetroVietnam
Baron Point Petroleum released a statement on July 23rd announcing that the Abu Dhabi-based company has entered into a joint venture (JV) with the Vietnamese national oil and gas company, PetroVietnam Oil Corporation,... ADNOC to build Gulf’s largest NGV service station
ADNOC Distribution is advancing its mission to offer alternative low-emissions fuels through its plan to construct the Arabian Gulf’s largest natural gas for vehicles (NGV) service station in Mahawi on the Abu Dhabi-A...
ADNOC, Vitol Signed 10-Year LPG Agreement
The Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000t/y of liquefied petroleum gas (LPG), to Vitol over the next t...
Masdar Bought 25% Stake in UK Wind Farm
Abu Dhabi green energy firm Masdar has acquired a 25% stake in Hywind Scotland, the world’s first offshore floating wind farm, Reuters reported. Under the agreement, Masdar will share the development risk with N...
NGC to Setup New Firm in Abu Dhabi
Omani National Gas Company (NGC), based in Rusayl, has announced the establishment of a new company in Abu Dhabi in the United Arab Emirates. The new firm is in partnership with Professional Partnership Investments un...
ADNOC Launched its 2030 Strategy
Abu Dhabi’s Supreme Petroleum Council has approved a 2030 strategy of Abu Dhabi National Oil Company (ADNOC) which runs for five-year business plan and operational budget. The approved strategy aims to increase oil, g...
