Tuesday , 24 April 2018
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Tag Archives: ADNOC

UAE’s ADNOC awards $3.5bln contracts to Samsung Engineering

Two contracts were signed by ADNOC Refining and Samsung Engineering Abu Dhabi National Oil Co (ADNOC) said on Monday it had awarded two contracts to South Korea’s Samsung Engineering 028050.KS worth more than $3.5 billion. The contracts were signed by ADNOC Refining, a wholly owned subsidiary of ADNOC, and Samsung Engineering. The first engineering, procurement and construction (EPC) contract was …

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Abu Dhabi’s ADNOC in talks with potential Asian partners

Sultan Al-Jaber, the group chief executive of Abu Dhabi National Oil Company (ADNOC), has met with potential and existing partners in Asia as the company looks eastward as part of its new strategic partnership approach. Al-Jaber discussed with his counterparts from China and Japan “new partnership and co-investment opportunities created through ADNOC’s new approach, as well as the deepening of …

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Adnoc decision ensures UAE’s ability to diversify economy

The decision of the Abu Dhabi National Oil Company to both expand and possibly offer an IPO on minority stakes in some of its service sectors is a move that will boost the country’s economy and help ensure access to the world’s fastest growing markets. Such a move was inevitable as the Shale Revolution and resulting falling oil prices have …

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ADNOC and Masdar Launch the Middle East’s First Joint Venture to Develop Commercial-Scale Carbon Capture, Usage and Storage Projects

AED 450 million contract awarded to build CO2 compression facility and 50 km pipeline for Emirates Steel (ESI) CCUS project Abu Dhabi National Oil Company (ADNOC) and Masdar today signed a joint venture agreement – the Middle East’s first company focused on exploring and developing commercial-scale projects for carbon capture, usage and storage (CCUS). ADNOC and Masdar jointly awarded a …

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