Abu Dhabi oil company hires India's strategic oil storage
Monday, November 12, 2018, 6:54 PM
India signed an initial pact to lease out a-part of its underground strategic oil storage at Padur in Karnataka to ADNOC for storing crude oil, second such deal with the UAE firm this year, Oil Minister Dharmendra Pradhan said. It has allowed foreign oil-companies to store oil in the storages on condition that stockpile can be used by Delhi in case of an emergency.
UAE amps up oil and gas output as Iran sanction shit
Monday, November 5, 2018, 6:02 PM
UAE oil company ADNOC has announced the discovery of new oil and gas resources, with an eye on full self-sufficiency as US sanctions on Iran go into effect. State-run ADNOC, based in the oil-rich capital Abu Dhabi, said Sunday it had discovered new gas fields, totalling 15 trillion standard cubic feet, and another billion barrels of oil.