UAE – Mubasher: The Abu Dhabi National Oil Company (ADNOC) signed a comprehensive strategic framework (CSF) agreement with PT Pertamina, an Indonesian state-owned oil and natural gas corporation, on Wednesday, Reuters reported.

Under the agreement, both parties will partner up to develop the oil and gas sector in both countries and globally.

They will also explore ways of collaboration across transportation, trading, and storage in the UAE.

Moreover, the two companies will consider cooperation opportunities in Indonesia in refining and petrochemicals, liquefied natural gas (LNG), liquefied petroleum gas (LPG), aviation fuel, and fuel retail.

This agreement was signed on the sidelines of a state visit by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed to Indonesia.