TOTALENERGIES SE: United Arab Emirates: TotalEnergies and ADNOC Expand Strategic Alliance
19 Juillet 2022 - 11:00AM
UK Regulatory
TIDMTTE
On the occasion of the state visit in Paris of His Highness
Sheikh, Mohamed bin Zayed Al Nahyan, President of the United Arab
Emirates, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Abu
Dhabi National Oil Company (ADNOC) have signed a strategic
partnership agreement that aims to jointly evaluate new growth
opportunities in the following areas:
-- development of oil and gas projects in the UAE to ensure sustainable
energy supply to the markets and contribute to global energy security;
-- supply of diesel from the UAE to France;
-- prospects for a commercial carbon capture, utilization, and storage
(CCUS) project in the UAE.
"I am pleased that TotalEnergies is reaffirming and expanding
its strategic collaboration with the United Arab Emirates through a
multi-energy cooperation with ADNOC, our long-standing partner in
the UAE. Our partnership across the entire energy value chain
allows our two companies to join forces to contribute to the energy
supply of global markets, while reducing carbon emissions from our
operations", said Patrick Pouyanné, Chairman and CEO of
TotalEnergies.
"TotalEnergies is a longstanding strategic partner, and we are
very pleased to build on our successful partnerships through this
agreement as the UAE and France strengthen energy cooperation. The
agreement offers the potential to accelerate growth and create
greater and more sustainable value for our mutual benefit. We look
forward to working with TotalEnergies to unlock the opportunities
presented by the agreement across the energy value chain to enable
more secure, affordable and sustainable energy for our countries
and the world," said His. Excellency. Dr. Sultan Ahmed Al Jaber,
UAE Minister of Industry and Advanced Technology and ADNOC Managing
Director and Group CEO.
TotalEnergies in the United Arab Emirates
TotalEnergies has been present in the United Arab Emirates for
more than 80 years where he has built a longstanding presence,
reflected by the size and diversity of its multi-energy assets and
partnerships. It is today the 1(st) foreign company active in the
country, with all its businesses present. In 2021, TotalEnergies'
equity production there was 280,000 barrels of oil equivalent per
day (boe/d).
In partnership with ADNOC, TotalEnergies holds the following
interests:
-- 10% in the ADNOC Onshore oil concession;
-- 20 % in the offshore Umm Shaif & Nasr oil concession and 5% in the
offshore oil Lower Zakum concession;
-- 15% in ADNOC Gas Processing (former GASCO);
-- 5% in ADNOC LNG (former ADGAS);
-- 5% in the National Gas Shipping Company (NGSCO);
-- 40% in the Ruwais Diyab unconventional gas concession.
In partnership with Mubadala, TotalEnergies holds a 24.5% stake
in Dolphin Energy, the first gas marketing project between Qatar,
UAE, and Oman (2007).
TotalEnergies has been active in the country's power generation
since 2001 through the Taweelah desalination plant and power
station, which meets around 10% of Abu Dhabi's water and
electricity needs, in partnership with TAQA. In renewables,
TotalEnergies (20%) is a partner of Masdar and ADPF in UAE's first
Concentrated Solar Power plant, which was inaugurated in 2013 with
a capacity of 109 MW. The Company continues to grow in the solar
sector in the country, especially in the field of distributed
generation where it holds a leading position.
The Company also has a top position in the manufacturing and
marketing of a wide range of automotive and industrial lubricants
with a blending plant in the Emirates, supplying the whole
region.
***
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our more than 100,000 employees are
committed to energy that is ever more affordable, cleaner, more
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
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version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
TotalEnergies Contacts
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l @TotalEnergiesPR
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SOURCE: TotalEnergies SE
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