Companies & Finance

ADNOC signs gas cooperation agreements with Eni and Aramco

ADNOC has struck a pair of gas-focused agreements with Eni and Saudi Aramco following Monday’s unconventional gas deal with Total.
By Staff reporter 13 November 2018 0 33277

Abu Dhabi National Oil Co. (ADNOC) has struck a pair of gas-focused agreements with Eni and Saudi Aramco following Monday’s unconventional gas deal with Total.

The agreement with Eni, which was made on Tuesday, gives the Italian major a 25% stake in the Ghasha concession, ADNOC’s offshore ultra-sour-gas project.

Eni will contribute 25% of the development costs for the multibillion-dollar development. The deal is the first in a series of concession agreements between ADNOC and Eni.

Meanwhile, a framework agreement struck by ADNOC with Aramco...