Adnoc and CNPC sign MOU on upstream projects

Adnoc_CNPCAbu Dhabi National Oil Company (Adnoc) signed a strategic partnership deal with China National Petroleum Corporation (CNPC) to collaborate in upstream projects in undeveloped areas.

Assessing undeveloped areas

The agreement was signed between SPC secretary-general Joan Salem Al Dhahiri and CNPC president Jian Jiemin. "CNPC will conduct technical and economic studies to assess undeveloped areas and will forward them to Adnoc," WAM reported.

Towards sustainable energy

The areas will be identified by the Supreme Petroleum Council. The agreement also aims at co-operating in areas of petrochemical development, technical services, engineering and construction services.

The announcement came as the two nations signed a memorandum of understanding to work together for the development and advancement of sustainable energy, WAM reported.

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