UAE's ADNOC signs 10-year deal to sell LPG to China

DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) said on Saturday it had signed a 10-year agreement with Wanhua Chemical Group 600309.SS under which the Chinese company would purchase up to up to 1 million metric tonnes of liquefied petroleum gas (LPG) annually.

ADNOC produces up to 10,500,000 metric tonnes per year of LPG which is sold both locally and internationally, it said in a statement.

It did not give a value for the deal.