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ADNOC, Russia to explore strategic partnership

Petrochemicals

Sultan Ahmed Al Jaber, the UAE minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Alexander Novak, minister of energy of the Russian Federation, met to explore potential opportunities for collaboration

ADNOC stated that it was seeking to expand its strategic partnership and co-investment opportunities.

“Building on the strong bilateral relationship, which exists between the UAE and Russia, there is significant potential for further collaboration on energy issues,” Al Jaber said.

Mr Novak noted that the Russian Federation is keen to explore partnership opportunities across the entire upstream and downstream energy sector with the UAE.

“Co-operation in the field of energy has enormous potential. Promising areas for collaboration between companies from Russia and the UAE lie in the development of trading activities in hydrocarbons as well as joint projects in the fields of mining and trading,” he added.

During the visit, Minister Novak was given a tour of Abu Dhabi and visited ADNOC’s pioneering Panorama digital command centre to see how ADNOC is using big data technologies and artificial intelligence (AI) to help extract maximum value from its assets and resources.

The discussions between Al Jaber and Novak coincided with the 24th meeting of the World Energy Congress in Abu Dhabi and builds on a previous meeting, which took place on July 2019 in Moscow.

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