Petronas signs MoUs with Adnoc and Masdar

Petronas president and group chief executive officer Tengku Muhammad Taufik Tengku Aziz said the collaboration with Adnoc bears strong testimony to the shared vision of both organisations to pursue value creation through progressive and cleaner energy solutions as Petronas navigates the challenges of an accelerating energy transition.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed two memoranda of understanding (MoU) with United Arab Emirates (UAE)-based Abu Dhabi National Oil Company (Adnoc) and Masdar to pursue collaborations across the energy value chain.

The MoU with Adnoc spans the entire oil and gas value chain wherein Adnoc welcomes Petronas to seek opportunities to collaborate in the exploration, development, and production of Abu Dhabi’s significant conventional and unconventional resources.