After Saudi Aramco, Abu Dhabi National Oil Company (ADNOC) will pick up stake in the planned USD 44-billion refinery-cum-petrochemical project in Maharashtra.
Abu Dhabi National Oil Co (ADNOC) will supply the first oil cargo for India’s strategic petroleum reserve (SPR) over the weekend, an Indian government statement said, becoming the first foreign company to lease storage in the country.
Italian energy company Eni SpA won rights to pump oil at two blocks off the coast of Abu Dhabi and sold the Middle Eastern crude producer a stake in Egypt’s giant Zohr natural gas field, a deal involving combined payments of $1.8 billion.
India will have the right over 65 per cent of 6 million barrels of crude oil that Abu Dhabi National Oil Company (ADNOC) will store at the country’s maiden strategic storage at Mangalore. ADNOC will send three large ships carrying crude oil beginning April to fill half of the 1.5 million tonnes strategic oil reserves that India has built at Mangalore, a senior government official said. Out of […]
India hopes Abu Dhabi National Oil Company (ADNOC) will send the first shipment of crude oil to fill the country’s 0.75 million tonnes strategic petroleum reserve at Mangalore starting in May, Oil Minister Dharmendra Pradhan said in New Delhi on Tuesday.
India’s largest clean energy producer, Re-New Power, has picked Goldman Sachs, Kotak and JM Financial to advise on a planned $700 million (Rs 4,480 crore) initial public offering of shares that could see some of its early investors such as Goldman Sachs and Abu Dhabi Investment Authority make a partial exit, people briefed on the matter said.
Harnessing solar power will become cheaper by at least 60 percent over the next decade, Adnan Amin, the head of the Abu-Dhabi based-International Renewable Energy Agency, Irena, said.
ABU DHABI – Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States
Fed up with oil tanker owners’ frequent threat of strike to press their demands, Pakistan’s Economic Coordination Committee (ECC) is likely to allow Inter State Gas Systems (ISGS) to float a tender and invite companies to build an oil pipeline from Machike (Sheikhupura) to Tarru Jabba (Peshawar
OPEC hopes for better compliance with output cut target after two days’ of deliberations with members in Abu Dhabi that concluded on Tuesday.