"The partnership between ADNOC and TAQA envisages both parties entering into detailed joint venture arrangements as well as the completion of necessary transaction requirements, including obtaining relevant third-party and regulatory approvals," the companies said in the statement.

Under the terms of a strategic agreement, Reliance and TA'ZIZ will build plants with capacity to produce 940,000 mt/year of chlor-alkali, 1.1 million mt/year of ethylene dichloride and 360,000 mt/year of polyvinyl chloride at the TA'ZIZ Industrial Chemicals Zone, ADNOC said in a June 29 statement.

Aramco and ADNOC are likely to use their connections to woo investments to their hydrogen and ammonia projects.

The UAE was India's third-largest supplier of crude in 2020, behind Iraq and Saudi Arabia, with volumes of 21.35 million mt and an 11% market share,

Abu Dhabi, which has the majority of oil and gas reserves in the UAE, a seven-member federation, is pressing ahead with these efforts even as the coronavirus pandemic devastates energy consumption,

Fitch Ratings has affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.

The agreement brings together the best-in-class in low carbon technologies from ADNOC and Total, and expands on the long-standing partnership and collaboration between the two leading energy producers across the full value chain.

Dr. Al Jaber also shared his perspective on the energy transition and outlined how ADNOC is preparing for the future energy landscape.

ADNOC plans a 30% cut in October term volumes for all of its crude grades

ADNOC launched this placement due to significant investor demand for ADNOC Distribution stock and has delivered the largest block placement of a publicly listed GCC company to date.