Adnoc expands partnership with China: Industry Minister and Abu Dhabi National Oil Company (Adnoc) CEO Sultan bin Ahmed Al Jaber inked several agreements with Chinese government officials and private sector players during a visit to China, Wam reports.

#1- Adnoc signed a strategic alliance agreement with the China National Petroleum Corporation to boost cooperation in oil and gas exploration and production, oilfield services, and crude oil and liquefied natural gas trading.

#2- Adnoc secured an agreement with China National Offshore Oil Corporation to advance new energy and low-carbon projects, towards strengthening global energy security while “fostering a sustainable and equitable energy future,” Adnoc said in a statement.

The meetings centered on bolstering cooperation in oil, gas, renewable energy, and logistics to serve the mutual interests of both nations.

ICYMI – Adnoc also inked a USD 1.9 bn contract with China’s Wanhua Chemical, Jiangnan Shipyard, and CSTC for 11 dual-fuel carriers to enhance its capacity to transport lower-carbon energy sources earlier this week. Also during the week, Adnoc, Borouge, and Austrian Borealis agreed to conduct a feasibility study to develop a polyolefins complex in China, through a JV with Wanrong New Materials.

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