CNPC will conduct technical and economic studies in order to assess areas put forward for development by the UAE’s Supreme Petroleum Council, and will forward those studies to ADNOC, state-owned wire service WAM reported.
The agreement, signed between SPC secretary-general Joan Salem Al Dhahiri and CNPC president Jian Jiemin, also aims at co-operating in areas of petrochemical development, technical services, engineering and construction services.
The announcement came as the two nations signed a memorandum of understanding to work together for the development and advancement of sustainable energy, WAM reported.