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20/04/2025 05:25 AST
China's privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (ADNOC).
ENN Natural Gas said on its official WeChat account on Saturday that the deal covers annual supplies of about one million metric tons for 15 years, marking ADNOC's largest LNG contract with a Chinese buyer, Reuters reported.
Separately, state oil and gas trader Zhenhua Oil agreed a 5-year deal starting 2026 for annual volumes of up to 12 cargoes, said a Chinese industry source with direct knowledge of the agreement.
Zhenhua Oil was not immediately available for comment on a weekend day.
Asharq Al Awsat
04/03/2025
UAE's Adnoc and Austria's OMV have announced merger of their shareholdings in Borouge and Borealis AG to create Borouge Group International, a AED220-billion ($60 billion) global integrated chemicals
Trade Arabia
21/02/2025
Abu Dhabi's Adnoc raised about Dh10.4 billion ($2.84 billion) from the sale of 3.1 billion shares in Adnoc Gas on "exceptional" demand from Gulf and international institutional investors.
Th
The National
Ticker | Price | Volume |
---|
Ticker | Price | Change |
---|---|---|
SAUDIARAMCO | 25.80 | 0.05 (0.19 |
ABAR | 147.00 | 7.00 (5.00 |
ADNOCDRILL | 4.83 | -0.05 (-1.03 |
BAHRI | 30.10 | 0.15 (0.50 |
ADES | 15.42 | 0.08 (0.52 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times