ADNOC signs wholesale agreements with South Korea

Abu Dhabi National Oil Company (ADNOC) has announced that it has signed framework agreements with three energy companies in South Korea to explore growth opportunities locally and internationally.

The agreements concluded with Korea Gas, the Korean National Oil Company and GS Energy cover opportunities for crude oil and liquefied natural gas in the downstream, upstream and ship supply sectors.

It is noteworthy that, Abu Dhabi National Oil Company, entered into a 40-year agreement in 2015 with the South Korean company GS, under which it would receive a stake of 3 % In a land oil concession to develop the largest oilfields in the UAE, valued at $ 676 million.

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ADNOC signs wholesale agreements with South Korea

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