UAE’s National Oil Firm Buys Share In Caspian Sea Field

People walk by a Abu Dhabi National Oil Company (ADNOC) poster during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022.
People walk by a Abu Dhabi National Oil Company (ADNOC) poster during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, October 31, 2022.

Abu Dhabi National Oil Company (ADNOC) is set to acquire a 30-percent equity stake in the Absheron gas and condensate field in the Caspian Sea.