ADNOC and Malaysia’s PETRONAS sign a strategic framework agreement
The first-ever agreement between both companies builds on the strong bilateral ties between the UAE and Malaysia and underscores ADNOC’s expanded approach to strategic partnerships that are enabling it to unlock and maximize value across its entire portfolio as it delivers its 2030 strategy.
The framework agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Tengku Muhammad Taufik, President and Group CEO of PETRONAS.
Dr. Al Jaber said, “We are very pleased to partner with PETRONAS for the first time through this important framework agreement. The agreement is a natural evolution of the strong ties between the UAE and Malaysia and provides an opportunity to deepen the relationship through strategic energy cooperation.