Total Energies and Adnoc Expand Strategic Alliance

Strategic Partnership Agreement Total Energies and Adnoc Expand Strategic Alliance

2022-07-20 Source: Press release MA Alexander Stark

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On the occasion of the state visit in Paris of Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, Total Energies and Abu Dhabi National Oil Company (Adnoc) have signed a strategic partnership agreement that aims to jointly evaluate new growth opportunities in several areas.

Adnoc and Total Energies want to explore opportunities to collaborate in areas of mutual interest including in gas growth, CCUS and trading and product supply.(Source: Public Domain / Pixabay) — Adnoc and Total Energies want to explore opportunities to collaborate in areas of mutual interest including in gas growth, CCUS and trading and product supply.
(Source: Public Domain / Pixabay)

Within the framework of a recently singed agreement, Adnoc and Total Energies want to explore possibilities for cooperation in the development of oil and gas projects, supply of diesel from the UAE to France as well as prospects for a commercial carbon capture, utilization, and storage (CCUS) project in the UAE.

“Total Energies is a longstanding strategic partner, and we are very pleased to build on our successful partnerships through this agreement as the UAE and France strengthen energy cooperation,” said Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO.

Total Energies has been present in the United Arab Emirates for more than 80 years where it has built a longstanding presence, reflected by the size and diversity of its multi-energy assets and partnerships. It is today the 1st foreign company active in the country, with all its businesses present. In 2021, The company’s equity production there was 280,000 barrels of oil equivalent per day (boe/d).

The groupd has been active in the country’s power generation since 2001 through the Taweelah desalination plant and power station, which meets around ten percent of Abu Dhabi's water and electricity needs, in partnership with Taqa. In renewables, Total Energies (20 %) is a partner of Masdar and ADPF in UAE’s first Concentrated Solar Power plant, which was inaugurated in 2013 with a capacity of 109 MW. The company continues to grow in the solar sector in the country, especially in the field of distributed generation where it holds a leading position.

The company also has a top position in the manufacturing and marketing of a wide range of automotive and industrial lubricants with a blending plant in the Emirates, supplying the whole region.

(ID:48487553)

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