Tag: Socar

Home » Socar
UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy
Post

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy

The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...