TotalEnergies and Adnoc have agreed to work together on supplying UAE diesel to France as part of a new strategic partnership agreement.
The agreement also includes jointly evaluating opportunities for new oil and gas developments in the UAE and assessing the possibility of a carbon capture, utilisation and storage (CCUS) project in the Mideast Gulf country.
The deal with TotalEnergies will give Adnoc an opportunity to capture more market share in Europe, where it fiercely competes with Saudi Arabia. Most of the UAE’s refined product exports head to Africa at the moment.
Tags: ADNOC, CCUS, Diesel, TotalEnergies, UAE
Recent Posts
Vedanta Aluminium signs pact with GAIL for supply of natural gas
HMM introduces South Korea’s first LNG-powered vessels
NGEL inks pact with NREDCAP in Andhra for RE projects
Global warming won’t end if net zero is redefined
The Liberian Registry and Korean Register (KR) grant AiP to Samsung
To satisfy decarbonization targets, Big Oil invests billions in the manufacture of biofuel
ISO issues standards for methanol as a marine fuel
Amazon, partners to test electric trucks on a freight corridor in India