ADNOC and its international investment platform XRG have signed a Strategic Collaboration Agreement with ****** an's Mitsui & Co. to pursue new business opportunities spanning the energy value chain, deepening a partnership that dates back to the 1970s.
The agreement, signed during ADNOC Managing Director and Group CEO Sultan Al Jaber's visit to ****** an, establishes a framework for the companies to explore cooperation across liquefied natural gas (LNG), crude oil, sulfur, shipping, and chemicals, while also evaluating international energy investment opportunities through XRG.
The companies will ****** s collaboration on crude oil market development and long-term supply arrangements, LNG sales and portfolio optimization, sulfur procurement and logistics, and shipping solutions covering LNG, ammonia, sulfur, and other commodities.
The partnership will also examine opportunities in lower-carbon fuels and chemicals, including methanol and projects at the UAE's TA'ZIZ industrial and chemicals hub, alongside broader international investments across the energy sector through XRG.
The agreement builds on ADNOC's longstanding relationship with Mitsui and reinforces the UAE's role as a key supplier to ****** an, where ADNOC currently provides around one-third of the country's crude oil imports.
The agreement, signed during ADNOC Managing Director and Group CEO Sultan Al Jaber's visit to ****** an, establishes a framework for the companies to explore cooperation across liquefied natural gas (LNG), crude oil, sulfur, shipping, and chemicals, while also evaluating international energy investment opportunities through XRG.
The companies will ****** s collaboration on crude oil market development and long-term supply arrangements, LNG sales and portfolio optimization, sulfur procurement and logistics, and shipping solutions covering LNG, ammonia, sulfur, and other commodities.
The partnership will also examine opportunities in lower-carbon fuels and chemicals, including methanol and projects at the UAE's TA'ZIZ industrial and chemicals hub, alongside broader international investments across the energy sector through XRG.
The agreement builds on ADNOC's longstanding relationship with Mitsui and reinforces the UAE's role as a key supplier to ****** an, where ADNOC currently provides around one-third of the country's crude oil imports.
3 months ago
