ADNOC, Russian Energy Agency sign agreement across oil and gas value chain

Emirates News Agency | Oct 16, 2019 at 2:40 PM
  • Under the terms of the agreement, ADNOC and REA will jointly explore opportunities for collaboration in relation to Abu Dhabi’s exploration and production concessions.
  • At the heart of ADNOC’s downstream expansion strategy is a US$45 billion investment plan aimed at creating the world’s largest integrated refining and petrochemicals complex in Ruwais, located in the Emirate of Abu Dhabi.
  • The framework agreement will see ADNOC and REA explore potential opportunities for collaboration in relation to technical and operational support exchanges in artificial intelligence and other advanced technologies that can help optimise performance and drive efficiencies.