Abu Dhabi Moves Towards Integration Of State Oil Firms


Abu Dhabi National Oil Company (ADNOC) is joining forces with the energy arm of state investor Mubadala to fix the gas squeeze in the oil rich emirate, and perhaps pave the way for overseas upstream investments.


The two firms this week signed a Memorandum of Understanding (MoU), pledging to cooperate on developing small gas fields domestically, LNG imports, and development of unconventional oil and gas...