ADNOC awards SOCAR stake in SARB and Umm Lulu concession
In a significant expansion of its strategic partnerships, the Abu Dhabi National Oil Company (ADNOC) has granted a 3% participating interest in the SARB and Umm Lulu offshore concession to the State Oil Company of Azerbaijan Republic (SOCAR). This deal, which fortifies the energy ties between the United Arab Emirates (UAE) and Azerbaijan, reflects both […]