BRIEF-ADNOC And Indian Energy Partners Sign Strategic Agreements
May 15 (Reuters) - ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]:
UAE PRESIDENT AND INDIA PRIME MINISTER WITNESS EXCHANGE OF STRATEGIC AGREEMENTS BETWEEN ADNOC AND INDIAN ENERGY PARTNERS
AGREEMENTS INCLUDE STRATEGIC COLLABORATION WITH INDIAN STRATEGIC PETROLEUM RESERVES LIMITED ACROSS CRUDE OIL, LNG AND LPG STORAGE AS WELL AS STRATEGIC RESERVES
EXPANSION OF LPG SUPPLY AND TRADING COOPERATION WITH INDIAN OIL CORPORATION, SUPPORTED BY ADNOC GLOBAL TRADING
DEAL INCLUDES A POTENTIAL INCREASE IN ADNOC’S CRUDE OIL STORAGE IN INDIA UP TO 30 MILLION BARRELS, INCLUDING EXISTING STORAGE AT MANGALORE
DEAL INCLUDES POTENTIAL NEW STORAGE OPPORTUNITIES AT VISHAKHAPATNAM AND CHANDIKOL
AGREEMENT ALSO EXPLORES POTENTIAL CRUDE STORAGE IN FUJAIRAH AS PART OF INDIA’S STRATEGIC PETROLEUM RESERVE
AGREEMENT ALSO EXPLORES POTENTIAL LNG AND LPG STORAGE OPPORTUNITIES IN INDIA
EXCHANGED A STRATEGIC COLLABORATION AGREEMENT WITH INDIAN OIL CORPORATION TO EXPLORE EXPANDED LPG SUPPLY AND TRADING OPPORTUNITIES
Further company coverage: ADNOC.UL
