Aramco, ADNOC sign frame­work agree­ment on strate­gic nat­u­ral gas, LNG co­op­er­a­tion

Refining & Petrochemicals Middle East - - NEWS -

Saudi Aramco and ADNOC signed a frame­work agree­ment to ex­plore op­por­tu­ni­ties for col­lab­o­ra­tion in the nat­u­ral gas and liq­ue­fied nat­u­ral gas (LNG) sec­tors. The co­op­er­a­tion brings to­gether two of the world’s lead­ing en­ergy pro­duc­ers from the Ara­bian Gulf to jointly work to­gether in an area of strate­gic im­por­tance for both com­pa­nies as they seek to boost rev­enues from the nat­u­ral gas and LNG busi­ness seg­ments.

Saudi Aramco and ADNOC will jointly as­sess in­vest­ment op­por­tu­ni­ties across the nat­u­ral gas and LNG value chain, ex­change technical knowl­edge and ex­per­tise in nat­u­ral gas and LNG growth mar­kets.

The agree­ment was signed by Amin H Nasser, Saudi Aramco pres­i­dent and CEO, and Dr Sul­tan Ahmed Al Jaber, UAE min­is­ter of state and ADNOC group CEO, on the side­lines of ADIPEC.

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