On 15 October 2019, Abu Dhabi National Oil Company (ADNOC) signed strategic collaboration framework agreements with PJSC Lukoil Oil Company (Lukoil), PJSC Gazprom Neft (Gazprom Neft), the sovereign Russian Direct Investment Fund (RDIF) and Federal State Budgetary Organization âRussian Energy Agencyâ of the Russian Federation (REA). Russian President Vladamir Vladimirovich Putin was welcomed by Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan and UAE Minister of State and ADNOC Group CEO Dr Sultan Ahmed Al Jaber during a formal state visit.     PJSC Lukoil Oil Company (Lukoil) formalized a contract to acquire a 5% interest in the Ghasha sour gas project from ADNOC.        The majority of other draft agreements are intended to explore new opportunities for collaboration across the oil and gas value chain.       The 2019 Abu Dhabi Bid Round is scheduled to close during November 2019.
Lukoil acquired a 5% WI in the offsh. sour gas Ghasha Concession (ADNOC ->55% op, ENI 25%, Wintershall 10%, OMV 5%). 