Abu Dhabi’s five-year-old oil trading arm plans to boost the volume it handles by two thirds in the next few years as its expands internationally, its CEO said.
State-owned Abu Dhabi National Oil Co. sees trading as a way to capture greater value from selling fuels produced in the emirate and elsewhere, said Ahmed Bin Thalith, chief executive officer of the unit. The next phase of Adnoc Global Trading’s expansion will be an office in Houston in 2027, he said.
