The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.
The agreement aims at maximising the monetisation of the companies’ sour gas resources in the Middle East.
The capture, storage and utilisation of carbon dioxide will be expanded at either the Habshan-Bab gas processing facilities or the Shah gas plant.
Amin H. Nasser told delegates that the company’s objective is to bring its downstream business to the same level as its upstream.
The inauguration of the Taweelah plant comes less than a month after Abu Dhabi’s Supreme Petroleum Council approved ADNOC’s new integrated gas strategy.
On the 14th November, the Abu Dhabi National Oil Company (ADNOC) hosted a Gas, Refining and Petrochemicals Forum during the 2018 edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).