BASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding (MoU) to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of BASF’s and Adani’s investment plans as … Read moreBASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

Aramco’s Refinery and Petchems Project in India Cost Rises by 36%

India has increased the cost estimate of the planned refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the plant, as reported by Business Today. The 1.2 million bpd coastal refinery in the western state … Read moreAramco’s Refinery and Petchems Project in India Cost Rises by 36%

Eni, ADNOC Close Partnership Agreements in Refining and Trading

Eni and ADNOC, said they closed their strategic partnership, announced in January, through which Eni acquired a 20 percent equity interest in ADNOC refining. The partners – which include Austria’s OMV – also set up a new trading joint venture. ADNOC Refining refines in excess of 922,000 barrels per day of crude at its Ruwais … Read moreEni, ADNOC Close Partnership Agreements in Refining and Trading

Borealis and ADNOC Sign MOUs to develop Polyolefin Industry

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers and the Abu Dhabi National Oil Company (ADNOC) signed a Memorandum of Understanding (MoU) agreement to explore potential growth opportunities within the polyolefin industry in key geographical markets that both parties view as key demand centers in the future. … Read moreBorealis and ADNOC Sign MOUs to develop Polyolefin Industry

ADNOC seals $4 billion pipeline deal with KKR, BlackRock

ADNOC (Abu Dhabi National Oil Company) has signed a $4 billion midstream pipeline infrastructure deal with U.S. institutional investors KKR and BlackRock, the government-owned Abu Dhabi company announced on Sunday. The newly formed entity called ADNOC Oil Pipelines will lease the oil company’s interest in 18 pipelines of more than 750 km in total length … Read moreADNOC seals $4 billion pipeline deal with KKR, BlackRock