ADNOC in Korea talks over oil stockpiling

03 August 2010

Abu Dhabi National Oil Co has signed a preliminary agreement with state-run Korea National Oil Corp to cooperate on energy exploration and stockpiling of crude oil, Bloomberg has reported. They two firms will form a team to study the possibility of oil and gas exploration in Abu Dhabi and will discuss a plan for Abu Dhabi National to use storage facilities owned by KNOC.

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