SNOC and Equinor have signed a memorandum of understanding to explore downstream energy opportunities including storage, infrastructure, logistics, trading, supply and shipping of liquefied petroleum gas, natural gas liquids and other oil and gas products. The companies will also examine energy transition opportunities and ways to optimise petrochemical storage facilities in the UAE, with the collaboration aiming to enhance energy security, optimise infrastructure utilisation and support the continued development of the UAE's LPG sector.
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