Abu Dhabi’s oil company plans overseas expansion

Abu Dhabi’s oil company plans overseas expansion:

"Abu Dhabi’s national oil company wants to expand its overseas refinery and petrochemicals investments, with the aim of diversifying state assets and becoming a global energy provider.

Sultan al-Jaber, Adnoc’s chief executive, said the company is exploring opportunities in the “downstream” business, which ranges from processing to marketing, to give it long-term access to markets that are driving demand for the oil-rich emirate’s crude and related products.

“This refreshed downstream approach will reshape Adnoc into a focused global company, with an adaptable product portfolio for shareholders and the broader UAE economy,” Mr Jaber said in an interview."



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