Abu Dhabi - Mubasher: The Abu Dhabi National Oil Company (ADNOC) signed on Monday a trilateral agreement with the Japanese Ministry of Economy, Trade and Industry (METI), and the Japan Oil, Gas and Metals National Company.
The agreement puts in place a framework for cooperation on strategic business development, upstream technical cooperation, as well as training and development programs for company employees.
It is worth noting that Japan imports quarter of its crude oil from the ADNOC.
Sultan Al Jaber, the UAE’s minister of state and the CEO of ADNOC Group said in a statement that “the long-term energy partnership between Japan and the UAE is one that goes back to before the establishment of ADNOC, with Japanese companies playing, and continuing to play, an important role in the development and expansion of the country’s oil and gas industry,”
“Today we are strengthening that partnership by pursuing new opportunities that will help us unlock greater value from our resources,” Al Jaber noted, adding that “this is a clear example of how our expanded approach to partnerships presents unique opportunities for both new and existing partners to invest alongside Adnoc to capture growth opportunities and deliver future prosperity.”
