stated the CEO of Abu Dhabi National Oil Company ADNOC Sultan Ahmed Al-Jaber, that the company seeks to increase investment in downstream assets, especially refining and petrochemicals, in strategic places such as India to find a stable outlet for its oil
Al-Jaber added to reporters on the sidelines of the Petro-Tech conference Energy that India is not just an important market, but rather an important strategic partner of the UAE, in all sectors, and energy is one of them.
This is also ADNOC would like to hire more Of the strategic tanks in India, according to Al-Jaber, ADNOC is participating with Aramco in a refinery with a capacity of 1.2 million barrels per day in the state of Maharashtra in western India .
The CEO said before the conference in New Delhi: The expansion of the strategic reserve will be one of the items on the agenda that we will be discussing with our important friends in India .
It is reported that ADNOC occurred last year , Signed a preliminary agreement, to exploit half of the Badur facility for strategic reserves in southern India, and the facility can accommodate about 2.5 million tons, equivalent to 18 million barrels of crude
