ADNOC, Proman to develop methanol facility

ADNOC, Abu Dhabi National Oil Company signed an agreement with Proman, world’s leading producers of methanol, to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais. Under the terms of the agreement, Abu Dhabi Chemicals Derivatives Company RSC Ltd. (“TA’ZIZ”) and Proman will construct a natural gas to

ADNOC announces a new offshore gas find

Abu Dhabi’s state-owned oil and gas company announced Thursday the discovery of between 1.5 to 2 trillion standard cubic feet of raw gas in an offshore area located in the emirate’s northwest. The discovery comes as Gulf Arab states continue to rely heavily on profits from oil and gas exports, despite rising global temperatures and