Abu Dhabi National Oil Company (ADNOC) is seeking to invest in more downstream assets, mainly in refining and petrochemicals, in strategic locations like India to find a stable outlet for its oil, said its chief executive officer, Sultan Ahmed Al Jaber.
“India is not only an important market for us. India is a very strategic partner for United Arab Emirates, spanning all … sectors, energy being one of (them),” he told reporters on the sidelines of energy conference Petrotech.
ADNOC, along with Saudi Aramco, is participating in a planned 1.2 million-barrels-per-day (bpd) coastal refinery in western Maharashtra state. Read More