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Adnoc seeks to boost investment with Japan

abu dhabi - Both parties discuss Adnoc's upstream and downstream growth plans

Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, met on Wednesday with Hiroshige Seko, Japan's Minister of Economy, Trade and Industry, as part of a series of meetings with government officials, business partners and customers, aimed at building on Adnoc's long-standing energy relationship with Japan's energy sector.

During the meeting, partnership and investment opportunities, created by Adnoc's upstream and downstream growth plans were explored, as well as the potential for the long-term supply of hydrocarbon products to Japan.

"For more than four decades, the UAE and Japan have enjoyed a deep-rooted and successful strategic relationship, underpinned by long-standing energy partnerships," Dr Al Jaber said. "Adnoc is keen to further strengthen the relationship, deepen partnerships and seize growth opportunities along the full oil and gas value chain.

"As we accelerate our focus on the increasing energy needs of Asian economies, such as Japan, Adnoc is introducing new partnership and investment opportunities across our integrated upstream and downstream operations. At the same time, we wish to explore opportunities to increase market access and offer a larger share of Adnoc's portfolio of products to existing and new customers in Japan." - Wam