ADNOC, TotalEnergies sign partnership agreement to explore new growth opportunities

ADNOC, TotalEnergies sign partnership agreement to explore new growth opportunities

Abu Dhabi National Oil Company (ADNOC) has reached a strategic agreement with France-based TotalEnergies to strengthen their partnership and explore new growth opportunities across the energy value chain. Under the agreement, both companies will cooperate in areas of mutual interest, including gas growth, carbon capture utilisation and storage (CCUS), as well as trading and product supply, according to a press release on Tuesday. Previously, the UAE-France Comprehensive Strategic Energy Partnership (CSEP) was signed for improving energy security, energy affordability, decarbonisation, and progressive climate action ahead of COP28, set to be held in the UAE in 2023. The said: Meanwhile, the commented: