Media ININ Economy We Trust
MEDIA, Tokyo, August 8, 2018 (WAM)
Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company (ADNOC) and its group of companies in Tokyo met with Hurshij Seko, Minister of Economy, Trade and Industry of Japan, the partnership and investment opportunities offered by ADNOC’s growth plans in the fields of exploration, development, production, refining and petrochemicals. Supply long-term supply of fuel and hydrocarbon products to Japan. “ADNOC is looking forward to strengthening and developing cooperation with oil and gas companies and Japanese financial institutions to ensure that growth opportunities in the various fields and aspects of the oil and gas sector are exploited,” said Dr. Sultan bin Ahmed Al Jaber. “In line with growth and expansion plans, particularly in Asian markets with a strong demand for energy such as Japan, ADNOC is providing new opportunities for partnership and investment in various fields and aspects of its integrated business in the oil and gas sector and as a reliable and leading global energy supplier, Presence and share of its products in the Japanese market and closer cooperation with existing and new customers. ” The UAE is the second largest exporter of crude oil to Japan and in 2017 Japan imported oil from the UAE worth 57.3 billion dirhams ($ 15.6 billion), according to the Japan Foreign Trade Organization (JETRO). About one-third of ADNOC’s crude oil production goes to Japan, accounting for 25 percent of Japan’s total crude oil imports. Other exports include liquefied natural gas (LNG), LPG, naphtha and sulfur. In addition, ADNOC has 6.29 million barrels of crude oil stored in the strategic reserve Of Kerry’s oil storage facility in southern Japan.
