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FINANCIAL NEWS
Saudi Aramco inks 2 MoUs with ADNOC, Masdar
03 Apr 2017
(MENAFN) Saudi Aramco signed two memorandums of understanding with Abu Dhabi National Oil Co. (ADNOC) and green energy firm Masdar.
Additionally, Saudi Aramco and ADNOC will cooperate on identifying techs that could receive improved operational performance and efficiency across the oil and gas value chain.
“This agreement reinforces our renewed approach to partnerships, which are aimed at leveraging and building on existing industry expertise,” said the UAE minister.
Meanwhile, Saudi Aramco also inked a MoU with Masdar, which comprises energy and technology co-op, renewables and carbon management.
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