The OPEC+ group left their target production level unchanged amid many uncertainties in the oil market, OPEC didn’t make material changes in its estimates of global oil demand growth, while the biggest oil and gas firms in the Middle East made major announcements and signed landmark deals in December.
KUALA LUMPUR: The Yang di-Pertuan Agong hopes that the inaugural deal inked between PETRONAS and the Abu Dhabi National Oil Company (Adnoc) will open a new chapter of strategic partnership between Malaysia and the United Arab Emirates (UAE).
PETRONAS has signed a historic agreement with Abu Dhabi National Oil Company (ADNOC) to explore and appraise Unconventional Onshore Block 1 covering a 2,000 sq km concession area in the Al Dhafra region.