RIYADH: Abu Dhabi National Oil Co. has entered into a strategic partnership with French energy firm TotalEnergies to collaborate in areas of mutual interest including gas growth, carbon capture utilization and storage trading and product supply.
The agreement was signed in the presence of UAE President, Mohamed bin Zayed Al Nahyan, and French President, Emmanuel Macron, during the former’s visit to France.
It was signed by Sultan Ahmed Al Jaber, UAE’s minister of industry and advanced technology and ADNOC managing director and Group CEO, and Patrick Pouyanné, chairman and CEO of TotalEnergies.
“We look forward to working with TotalEnergies to unlock the opportunities presented by the agreement across the energy value chain to enable more secure, affordable and sustainable energy for our countries and the world,” said Al Jaber.
Pouyanné added: “Our partnership across the entire energy value chain allows our two companies to join forces to contribute to the energy supply of global markets, while reducing carbon emissions from our operations.”