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ADNOC’s XRG invests in Azerbaijan Gas Field, aiming to build “lasting value” for UAE

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Gulf News
“ADNOC’s XRG invests in Azerbaijan Gas Field, aiming to build “lasting value” for UAE”

ABU DHABI – XRG, the international investment arm of ADNOC, says its stake in the Absheron gas field in Azerbaijan is part of a strategy to turn UAE energy expertise into overseas businesses that benefit the country. XRG and its partners announced on September 26 that they will go ahead with the next phase of Absheron, an offshore field about 100 kilometres south-east of Baku. The expansion is expected to unlock up to five trillion cubic feet of recoverable gas and start production in 2029,…

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