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As we head into the first month of 2023 in an ambivalent environment where supply tightness and recession fears pull the markets in different directions, Middle East oil producers proceed with caution
Deal marks first time that a Malaysian company will invest in and explore for hydrocarbons in Abu Dhabi - Anadolu Agency
The award marks the first time a Malaysian company will invest in and explore for hydrocarbons in Abu Dhabi.
ABU DHABI. KAZINFORM - President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the King of Malaysia His Majesty Seri Paduka Baginda the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin AlMustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah have witnessed the signing of a historic concession agreement between Abu Dhabi National Oil Company (ADNOC) and PETRONAS for Abu Dhabi’s Unconventional Onshore Block 1. The pioneering award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil concession, WAM reports.
Abu Dhabi National Oil Company (Adnoc) and Petronas of Malaysia have signed an historic concession agreement for Abu Dhabi’s Unconventional Onshore Block 1.