Dragon Oil, a wholly-owned subsidiary of the UAE's national oil company ENOC, has signed a Memorandum of Understanding (MoU) with Malaysia's Petronas.
This agreement marks a significant step in strengthening cooperation between the two energy companies. The MoU outlines plans to explore opportunities for joint ventures across various sectors of the oil and gas industry.
Representatives from Dragon Oil and Petronas expressed their confidence that this partnership will be mutually beneficial and open new horizons for both entities.
"We are delighted to partner with a renowned company like Petronas," stated a Dragon Oil executive. "This agreement paves the way for innovation and growth within the energy sector."
