A rocket landed at the headquarters for several global major oil companies, including US giant ExxonMobil, near Iraq's southern city of Basra early on Wednesday, wounding two Iraqi workers, police said.
The Ministry of Foreign Affairs and International Cooperation said in a statement today that it strongly condemns this terrorist act, which aims at destabilising security and stability and poses a grave threat to the world's energy supply.
Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store it.
The Abu Dhabi National Oil Company (Adnoc) signed on Sunday, two framework agreements with Mubadala Investment Company (Mubadala) and Emirates Nuclear Energy Corporation (Enec)
The global oil demand remains resilient and points at signs for optimism but we still need to focus on costs, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company
Saif Humaid Al Falasi, Group CEO, Enoc, has said: “Dubai has a vibrant marine transportation sector, including the traditional ‘Abras’ and boats by the Roads & Transport Authority as well as private owners.
The Abu Dhabi National Oil Company (Adnoc) has announced the award of contracts worth $324 million (Dhs1.19 billion) to optimise onshore field operations (OFO) and enhance efficiencies as it continues to invest responsibly to drive smart growth.
Adnoc Distribution’s market cap surged to Dhs44 billion by the end of September, 2020, a 40 per cent up compared to its market value on its date of listing back in 2017.
The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (Dhs4.04 billion) in business value since its inception in 2017.