By: Ramy Sameeh
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) seeks to open new markets, while focusing on Asia, according to the company’s CEO Sultan Al Jaber.
“ADNOC is working on increasing and diversifying its portfolio of petrochemical products, as well opening new markets to ensure sustained profitability and capacity increase," he said on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) in Abu Dhabi.
“We will invest in the fastest growing markets topped namely Asia which is likely to see a growth in oil demand by 15%, while its petrochemical market volume is expected to double by 2030,” Al Jaber noted.
"We cannot predict the future price of oil, yet one factor remains well under control which is the cost of every barrel we produce," he added.
Translated by: Julian Nabil
