Abu Dhabi / WAM Adnoc LNG signed up to a six-year supply agreement with Vitol for the sale of 1.8 million tonnes per annum (mtpa) of post-2022 LNG volumes and a two-year supply agreement with Total for 0.75 mtpa of 2021 and 2022 LNG volumes. These new agreements represent a continuation of the trusted relationship Adnoc has built with Vitol ...
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Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has signed an agreement to acquire an indirect 45 percent equity stake in Louis Dreyfus Company (LDC) a leading global merchant and processor of agricultural goods. As part ...
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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), and Total on Wednesday announced the delivery of the first unconventional gas from the UAE. The unconventional gas was delivered from the Ruwais Diyab Unconventional Gas Concession located 200 kilometres west of Abu Dhabi city. This achievement marks a significant milestone towards future full field development and is an ...
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Bloomberg Oil rises above $45 a barrel in London for the first time in 10 weeks as financial markets continued to advance on a vaccine breakthrough and US crude stockpiles appeared to retreat. Brent futures advanced in tandem with equity markets, having been buoyed initially this week by the election of Joe Biden as US president and then Pfizer Inc.’s ...
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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the launch of the Adnoc Virtual Energy Centre, an online platform that provides an immersive experience across Adnoc’s full value chain. The energy centre was launched on the sidelines of the Abu Dhabi International Petroleum Exhibition Conference (Adipec), which is taking place virtually. Designed within a ...
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Abu Dhabi / WAM The Covid-19 pandemic is a global challenge that highlighted the necessity of updating the health sector’s methods of operating and improving digital health services and telemedicine. The digital health services provided by the UAE during the pandemic have helped ensure the safety of the community and offered healthcare services without requiring people to travel to medical ...
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Abu Dhabi / WAM Adnoc Distribution reported on Wednesday that its underlying Ebitda for the first nine months of 2020 grew to AED2,554 million, with net profit of AED1,581 million. For the third quarter, underlying Ebitda (Earnings before interest, taxes, and amortisation) was AED 1,132 million, while net profit stood at AED 671 million. Free cash flow generation remained solid ...
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Abu Dhabi / WAM Etihad Airways announced a 49-hour National Day sale where customers can book a getaway with a AED 49 deposit and pay nothing until 21 days before their trip. “Travellers can jet off any time before September 30, 2021 for less, and lay back and relax at a luxury resort, explore ancient architecture or spend the weekend ...
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Abu Dhabi / WAM Ahmed Ali Al Sayegh, UAE Minister of State, and Nikos Christodoulides, Minister of Foreign Affairs of the Republic of Cyprus, on Wednesday convened the inaugural virtual meeting of the UAE-Cyprus Joint Committee. In his remarks, Al Sayegh affirmed the strength of the two countries’ bilateral relationship, and pointed to the growing cooperation that the UAE and ...
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Dubai / WAM Dubai Airport Freezone Authority (Dafza) welcomed a senior economic delegation from Israel. The visit aims to discuss the prospects for strategic relations in various fields to encourage and increase foreign investment flows. This initiative will enhance joint action to explore promising opportunities that await Dafza and the Israeli economic and commercial entities represented in the delegation. Dr ...
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