Abu Dhabi – Mubasher: Saudi Arabian Oil Co, known globally as Saudi Aramco, on Monday signed a memorandum of understanding (MoU) with Abu Dhabi National Oil Company (ADNOC) to explore investment opportunities in the gas sector.
The deal is expected to boost mutual investments between the two state-run giants, Aramco’s CEO Amin Nasser said.
Nasser also expected gas demand to increase over the coming period.
The signing ceremony took place on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) that started on Monday, 12 November, and would end on Thursday, 15 November.
The 20th edition of ADIPEC focuses on using cutting-edge technology in the oil and gas industry, along with its contribution to raising production and enhancing its quality.
