Abu Dhabi: Abu Dhabi National Oil Company (ADNOC) has marked the inauguration of Narendra Modi as Prime Minister of India.
The Indian and UAE flags and a video of Shaikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Modi were displayed on the facade of the ADNOC building in Abu Dhabi.
India’s energy security is a top priority for the UAE with ADNOC being the only foreign oil and gas company, to date, to invest in India’s strategic petroleum reserves programme.
ADNOC is also a stakeholder in one of India’s largest refinery and petrochemical complexes, which will be constructed at Ratnagiri in Maharashtra state.
Strategic energy co-operation between the UAE and India was bolstered in March 2019, when an Indian consortium of two companies was awarded the exploration rights for an onshore block in Abu Dhabi’s debut competitive block bid round.
In addition, an Indian consortium of three companies was awarded a 10 per cent participating interest in Abu Dhabi’s offshore Lower Zakum concession in February 2018, according to WAM.
&uuid=(email))