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The National Oil Company of Abu Dhabi (ADNOC) yesterday signed a framework agreement with the National Oil and Gas Company of Uzbekistan (Uzbekistan), under which ADNOC will provide strategic advice on the business. exploration, development, production, gas, refining and petrochemicals.
The agreement was signed by Omar Suwaina Al Suwaidi, Director of the ADNOC Executive Board, and Bharum Ashrafkhanov, Chairman of the Board of Uzbekbaftaz, at ADIPEC in Abu Dhabi.
"ADNOC has combined 47 years of success in the development of the oil and gas sector in Abu Dhabi and has helped to create more value from obsolete and new resources.We have acquired a wealth of knowledge and expertise that can support Uzbek Oil Gas projects "to develop and develop in order to maximize the value of the country's oil and gas resources.
Ozbek Naft Gaz was founded on May 3, 1992. In 1998, it was transformed into a public joint stock company with excellent partnerships with the Korean national oil company, Lute Chemical Company, in Kogas, within the China National Petroleum Corporation. Lukoil, Gazprom and other companies.
The company is currently executing strategic projects such as the establishment of a gas liquefaction plant and the upgrading and development of the Shortan gas and chemicals complex.
Bharum Ashrafkhanov said: "ADNOC benefits from all its resources, partnerships, skills and competencies, as well as the latest technologies, to maximize shareholder value.We are confident that continued support from ADNOC will help accelerate the pace of our plans to increase revenues from our gas resources.
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