Abu Dhabi Oil Co., Ltd. (Japan) (ADOC) is planning more investments and expansions in the UAE, according to a senior company official.
Takahiko Shingai, Deputy General Manager and Director of Development Department at ADOC, told the Emirates News Agency (WAM) on the sidelines of the ADIPEC 2023 exhibition and conference: ’’We are planning to expand our production facilities and increasing extraction rates after we have delivered many achievements and implemented successful operations in the UAE over the past 50 years.’’
He noted that the UAE is one of most important suppliers of oil to Japan. He added that ADOC is a significant leverage in advancing the close relations between the UAE and Japan through its investment projects in the UAE oil sector for more than 50 years.
ADOC is currently developing its assets in the UAE to contribute significantly and more robustly to the UAE economy.
On January 17, 1968, Abu Dhabi Oil Co., Ltd. (Japan) (ADOC) was established. On February 2, 2011, ADOC signed a new concession agreement to continue production of oil from three oilfields after the expiry of the former Concession Agreement on December 6, 2012, for a period of 30 years together with the development of some structures of the Hail Field which is adjacent to Mubarraz Island.
The Abu Dhabi National Oil Company (ADNOC) on Wednesday celebrated the new Japanese Era, known as Reiwa, displaying images on the facade of its headquarters to mark the new era.
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),
The UAE has a total of 105 billion stock tank barrels of recoverable oil and 273 trillion standard cubic feet of conventional gas.
India’s housing prices across the top eight 1ndian cities increased incessantly at 10% YoY during Q3 this year led sturdy housing demand amid positive home buyer sentiment and stable interest rates. All eight major cities experienced a notable increase in housing prices, with Hyderabad leading the
China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The consumer price index (CPI) dropped 0.5% both from a year earlier and compared
On the heels of the first week of COP28, PepsiCo, SABIC, AstroLabs and their strategic partners have announced the launch of the Mega Green Accelerator, a new initiative to nurture the next generation of innovators in the region as they develop solutions to both regional and global
The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative spearheaded by the United Arab Emirates and the United States, on Friday announced more than doubling of investments, partners, and Innovation Sprints in transformative climate-smart agriculture and food systems