Adnoc Global Trading (AGT) is expanding its geographic footprint as it ramps up operations. The firm is a joint venture between Adnoc (65%) Eni (20%) and OMV (15%) which focuses on trading refined products from Adnoc Refining’s Ruwais complex, as well as third-party products and more recently LNG.
The firm moved quickly to open up a Singapore office, while Adnoc Global Trading Europe SA was incorporated in Geneva in late 2023, and the firm has previously stated its intention to open up a US office. Now, CEO Ahmad bin Thalith told The Energy Year that “Looking ahead to 2025 and beyond, we are scaling up our activities in Europe with a new office in Geneva, and in 2026 we hope to open another in the USA to broaden our customer base.” (CONTINUED - 165 WORDS)