ADNOC: Our Strategy Focuses on Gas Production

A senior executive at the Abu Dhabi National Oil Company (ADNOC), which is state-owned, stated today, Monday, that the company's strategy is centered on gas production and has identified Egypt as a market with significant potential. The CEO of the Low Carbon Solutions and International Growth sector at ADNOC, Musabbeh Al Kaabi, made these remarks during an energy conference in Cairo. ADNOC announced last week that it will establish a joint venture with the major global company BP in Egypt, initially focusing on natural gas.