ADNOC seeks to develop its investments with Chinese companies



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The President -Director General of the UAE, Sultan Al Jaber, during his visit to the Chinese capital, Beijing, brought together senior executives from Wanhua, one of the world's largest methylene diphenyl-isocyanate producers, used in the production

As well as the China National Petroleum Corporation (CNPC), the largest oil and gas company in China, one of the largest integrated energy groups in the world, and CNOOC The largest national oil company producing crude oil and natural gas from offshore fields.

Al Jaber also met with representatives of the Chinese Development Bank and vice-chairman of the National Commission for Development and Reform of China Management's direction to expand strategic partnerships and to strengthen and strengthen trade and economic relations with the People's Republic of China, one of the largest trading partners of the UAE, in the common interest of the two friendly countries ". 19659001] "Energy Cooperation is an Important Aspect In strategic relations between the UAE and the Republic of China, the world's largest importer of oil, and one of the leading emerging markets for the production of crude oil, refined products and Petrochemicals. "

Al Jaber reviewed the ADNOC projects.The company recently announced its petrochemical and refining business, which aims to triple its petrochemical production capacity to 14.4 million tons per year. from here 2025

ADNOC recently announced at its Forum on Investment and Refinancing in Abu Dhabi, p

Projects to be implemented include a world-class unit to break the mix of raw materials, as well as investments in oil and natural gas, ADNOC will create one of the integrated refining and petrochemical complexes the largest and most advanced in the world, Ruwais, Al Dhafra, Abu Dhabi [19].

The agenda of the meetings also focused on the announcement by ADNOC of a new licensing strategy for the development of six offshore and terrestrial areas for exploration, development and production of oil and gas by tender . "The six tender call zones represent a viable opportunity to invest in the UAE's exploration, development and production sector to accelerate the implementation of our strategy. to improve the profitability of exploration, development and production. "

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UAE Minister of State Meets President During Visit to Beijing, President and CEO from ADNOC, Sultan Al Jaber, has received senior executives from Wanhua, one of the world's largest producers of methylene-diphenyl-desocyanate, used in the production of solid polyurethane.

(CNPC) , the largest public oil and gas company in China and one of the largest integrated energy groups in the world, and CNOOC, one of the largest oil producers and offshore oil producers. [19659001] Al Jaber also met MM [19659001] Al Jaber stressed that the visit "is in line with leaders' guidelines to expand strategic partnerships and to strengthen and strengthen trade and economic relations with the People's Republic of China, which represents one of the largest (19459003 "Energy cooperation is an important aspect of the strategic relationship between the UAE and the Republic of China, which is a key element of the UAE's strategic partnership. It is the largest importer of oil in the world and one of the most important markets in the world During the meetings, Al Jaber reviewed the projects of ADNOC aimed at developing new sources of production oil and gas and develop its refining and petrochemicals business, which aims to triple its petrochemical production capacity to 14.4 million tonnes.

ADNOC recently announced at its Abu Dhabi Refining and Petrochemical Investment Forum that it has invested heavily in new local and international refining and petrochemical projects to improve its capacity

Projects to be implemented include a world-class unit to crush the raw material mix, as well as investments in a new refinery to increase production capacity.

As a result of planned expansions of its refining and petrochemical operations ADNOC will create one of the largest and most advanced integrated refinery and petrochemical complexes in the world at Ruwais, located in Al Dhafra, Abu Dhabi .

ADNOC announced earlier this year New licensing strategy to put in place "The six areas of call for tenders are a viable opportunity to invest in the stable, secure sector of UAE exploration, development and production, as we move forward, "he said. Accelerate the implementation of our strategy to improve the profitability of exploration, development and production in order to achieve strong economic returns for the state. "

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