ADNOC sets up trading arm
Abu Dhabi Adnoc
The unit will trade in crude oil and refined products, helping the company achieve its 2030 strategy, the company statement added.
“As ADNOC grows and expands its upstream and downstream businesses, we will produce more products, and in turn, our marketing, sales and trading function will play an even more critical role,” said Sultan Ahmed Al Jaber, UAE minister of state and ADNOC Group CEO. “Engaging in non-speculative trading will allow us to maximise value from our domestic and, over time, international downstream operations.”
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