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


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