UAE Oil Giant Plans European Trading Boost in Expansion Push

 





The UAE's biggest oil producer, Abu Dhabi National Oil Co. (Adnoc), is planning to boost its European trading operations in a bid to catch up with long-established rivals.

Adnoc isseeking term contracts for crude, refined fuels and liquefied natural gas (LNG)in Europe, according to people with knowledge of the company's plans. The company is also looking to expand its presence in Africa, where it sees potential growth opportunities.

Adnoc's trading unit is still in its early stages, but the company is hoping to make it a major player in the global energy market. The company has already hired several experienced traders, and it is planning to open new offices in Europe and Africa.

The company is well-positioned to take advantage of the opportunities in the global energy market. With its strategic location and its vast resources, Adnoc is poised to become a major player in the years to come.

I'm excited to see what Adnoc will do next. The company has a lot of potential, and I'm confident that it will be a major player in the years to come


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