Abu Dhabi’s national oil company mulls investment in Kochi petrochemical complex


Abu Dhabi’s national oil company mulls investment in Kochi petrochemical complex

Abu Dhabi National Oil Company (ADNOC), one of the world’s largest petroleum firms, has offered to invest in the upcoming petrochemical complex in Kochi, Kerala chief minister Pinarayi Vijayan said on Wednesday.

ADNOC Group CEO Sultan Ahmmed Al Jaber expressed his interest in the project during a discussion with the chief minister in Abu Dhabi. Vijayan is in UAE to participate in the two-day Middle East Regional Conference of Lok Kerala Sabha, a diaspora outfit for the development of the state.

“A joint task force will be formed, according to the understanding arrived at during the talks. This panel will study on the investment potential and then a team under Dr Sultan Ahmed Al Jaber will visit Kerala for follow-up procedures,” Vijayan wrote in his Facebook post on Wednesday.

Chief minister said that India is top on the investment agenda of ADNOC and Sultan sees enormous potential in  petroleum sector in India. Read More

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