The new contract is expected to be completed in 20 months.
It is extremely heartwarming to read that there were new oil and gas reserves discovered in Abu Dhabi. It will be a great boost for the economy. It underlines the UAE’s position
The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it has closed its landmark strategic equity partnerships with Eni and OMV covering both the existing Adnoc Refining business and a new trading joint venture (JV). The agreement, which was announced in January of this year,
The Abu Dhabi National Oil Company (Adnoc) today announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of this agreement, Adnoc will acquire a 10 per cent equity stake in VTTI. Following the transaction, VTTI will be owned 10 per cent by Adnoc,
Abu Dhabi: A delegation from the Abu Dhabi Department of Energy (DoE), headed by Chairman Engineer Awaidha Al Marar, is visiting Japan this week to share the Emirate’s experience in developing the energy sector and to exchange expertise with Japanese energy ministries and organisations. During the visit, the DoE delegation will place
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
Peugeot manufacturer PSA Group returned to revenue growth in its core autos division in the third quarter, recovering from a slump during coronavirus lockdowns, though the prospect of new restrictions hit French shares.
The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.
London’s Heathrow is no longer Europe’s busiest airport, ceding its long-held crown to Paris during the pandemic and blaming government inaction for its passenger numbers plunging even more than rivals. The COVID-19 continues to crush demand for flying and Heathrow