A supply agreement between ADNOC and a refinery in Fujairah

Abu Dhabi National Oil Company (ADNOC) expanded its growing commercial activity through an agreement to supply crude oil and receive products from a refinery in Fujairah. According to informed sources, ADNOC processed a shipment of crude oil at the refinery, part of which is owned by the Montfort commercial group, and the company is currently working to extend the agreement to include more shipments. This expansion comes within the framework of oil companies in the Middle East seeking to develop their commercial units to achieve greater profits, such as international oil companies such as Shell and BP. The agreement aims to enable ADNOC to process the crude oil it imports at the Fujairah Refinery, and sell it as low-sulfur marine fuel and other products. (Bloomberg)