ADNOC & Rongsheng Ink Deal to Explore Domestic.Global Growth Opportunities

摘要

Abu Dhabi-Abu Dhabi National Oil Co.(ADNOC) has signed a broad framework agreement with China's Rongsheng Petrochemical Co.to explore domestic and international growth opportunities.Under the terms of the agreement,the parties will study opportunities for increasing the volume and variety of refined products sales to Rongsheng,as well as AD-NOC's active participation as Rongsheng's strategic partner in refinery and petrochemical opportunities,including an investment in Rongsheng's downstream complex.Rongsheng,in return,will also explore potential investments in ADNOC's downstream industrial ecosystem in Ruwais,United Arab Emirates,including a proposed gasoline aromatics plant and the potential for ADNOC to supply liquefied natural gas to Rongsheng for use within its production complexes in China.