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ADNOC plans to enhance investment with Chinese petrochemical firms

Published on July 19, 2018

The UAE minister of state and group CEO of Abu Dhabi National Oil Company (ADNOC) Dr Sultan Ahmed Al Jaber, held a series of meetings with Chinese oil, gas, refining and petrochemical industry leaders, with the aim to swell and deepen investment and partnership opportunities across ADNOC’s upstream and downstream value chain.

“Energy cooperation is an important aspect of the UAE’s relations with China, which is the number one oil importer globally and a major growth market for ADNOC’s crude, refined products and petrochemicals.”

The meeting discussed ADNOC’s plans to develop new upstream oil and gas resources and to expand ADNOC’s downstream operations, which is set to triple petrochemical production up to 14.4mn tonnes per annum by 2025.

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