Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) on Tuesday signed an agreement with Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to one million tonnes per year of naphtha to the Malaysian petrochemicals’ company, over the next three years. The long-term agreement, which builds upon ...

Abu Dhabi / WAM The Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the State has been adhering to, and will continue to do so, locally and internationally. Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, said, “The European Union’s ...

Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, has won an Engineering, Procurement, Construction (EPC) contract for 5 Well Platforms and Pipeline for Ratna field from ONGC as part of offshore oil and gas infrastructure development on the west coast of India. This contract includes survey, design, engineering, procurement, fabrication, load out, transportation, ...