Adnoc and REA have also agreed to explore potential opportunities for collaboration in marketing sales and trading projects in Abu Dhabi.
The Abu Dhabi National Oil Company (Adnoc) announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF). ADRPBF will invest Dhs1.1 billion ($300 million),
Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms, said Dr Sultan Al Jaber, CEO of ADNOC Group. ‘’In short, as we enter a new age of technology, the world remains reliant on a 160-year-old industry,
India’s energy security is a top priority for the UAE with ADNOC being the only foreign oil and gas company, to date, to invest in India’s strategic petroleum reserves programme.
Russia’s central bank (CB) kept interest rates at a record low on Friday amid increased geopolitical risks but said there was room for lower rates as the COVID-19 pandemic situation was deteriorating.
Unilever held back from celebrating a much stronger-than-expected return to sales growth in the third quarter, as the CEO said the outlook remained “highly unpredictable”.
This major achievement is a testimony of UAE’s leadership’s vision to transform the country to a digital first and knowledge based economy.