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Abu Dhabi National Oil Company (ADNOC) has confirmed to sell a portion in the Ghasha gas project to Lukoil, a Russian oil company, as well as agreed to a strategic deal with Gazprom Neft in terms of technological cooperation. The two countries had previously talked about increasing bilateral energy sources, including their cooperation in the OPEC+ crude oil production cut deal. Also, both countries are members of the Gas Exporting Countries Forum. ADNOC will grant Lukoil a 5% share in the Ghasha concession, which includes other sour gas fields offshore in Abu Dhabi.

New Energy Deals between the UAE and Russia

Abu Dhabi National Oil Company (ADNOC) has confirmed to sell a portion in the Ghasha gas project to Lukoil, a Russian oil company, as well as agreed to a strategic deal with Gazprom Neft in terms of technological cooperation.

The two countries had previously talked about increasing bilateral energy sources, including their cooperation in the OPEC+ crude oil production cut deal. Also, both countries are members of the Gas Exporting Countries Forum.

ADNOC will grant Lukoil a 5% share in the Ghasha concession, which includes other sour gas fields offshore in Abu Dhabi.

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