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UAE's ADNOC plans further downstream expansion - CEO

Reuters  |  ABU DHABI 

By Rania El GamalABU DHABI (Reuters) - Abu Dhabi National Oil Co. plans to double its refining capacity and triple petrochemicals output potential by 2025, as the state energy firm focuses more on downstream expansion to be on par with Big Oil and capture new growth markets, ADNOC's chief executive said.To reach that goal ADNOC will need to create new joint ventures and partnerships and not just rely on its existing assets, Sultan al-Jaber told Reuters in an interview on Saturday. The company is also looking at different options for its ADNOC Refining subsidiary, including bringing on ...

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First Published: Sun, May 13 2018. 14:59 IST