XRG, the low-carbon energy and chemicals investment arm of the Abu Dhabi National Oil Company (Adnoc), has made a significant move into the Central Asian market by investing in Turkmenistan’s gas and condensate fields. The company has secured a 38 percent stake in the offshore “Block I” concession, according to a statement released by XRG....
Adnoc’s global energy investment arm, XRG, is partnering with Malaysia’s Petronas to enhance its presence in Central Asia by acquiring a stake in Turkmenistan’s offshore gas and condensate field. This strategic collaboration is expected to significantly boost XRG’s operations in the region. Under the terms of the agreement, Petronas will hold a 57 percent stake...