UAE | Egypt Oil & Gas - Part 18
ADNOC’s Ruwais to Undergo Maintenance in 2020
The Abu Dhabi National Oil Company (ADNOC) announced in a statement that its Ruwais facility in Abu Dhabi will undergo maintenance in 2020, according to Reuters. “We do not expect any impact upon the supply of our pro...
ADNOC, RIL to Explore in Ruwais
The Emirates news agency (WAM) reported that the Abu Dhabi National Oil Company (ADNOC) inked an agreement with India’s Reliance Industries Limited (RIL) for the development of an ethylene dichloride (EDC) facility in...
Aramco, ADNOC to Build Indian Refinery Worth $70 B
Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) are planning to build a giant oil and petrochemicals refinery project in India worth approximately $70 billion, Reuters reported. On the sidelines of Saudi Crown Pri...
ExxonMobil Invests $6.5 B in UAE’s Upper Zakum
President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc. Christian G. Lenoble announced that ExxonMobil has invested around $6.5 billion in Upper Zakum oilfield since its involvement in the offshore field in 2...
Update: Eni Might Consider Dana Gas’s Egyptian Portfolio
Eni has refuted earlier statement regarding its lack of interest in Dana Gas’s Egyptian portfolio, according to Reuters. Eni is not entirely ruling out a possible interest in the Egyptian assets of Dana Gas, unlike wh...
Eni Denies Eyeing Dana Gas’s Egyptian Assets
Italian energy company Eni is not interested in Dana Gas’s assets in Egypt, CEO Claudio Descalzi told Bloomberg in an interview. Descalzi stressed that the company plans to develop discovered resources instead, ...
UAE Commits to OPEC Oil Production Cut Agreement
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC) and its allies OPEC+, Amwal Alghad reported ... ADNOC’s Net Profit Goes up 2.3% in 9 Months
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported an increase of 2.3% year-on-year (YoY) in net profit during the first nine months of 2019, to stand at AED 1.72 billion. According to the f... 
