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Recently, he oriental Oil Corporation (NYSE:Fiery) In South Texas, there was an agreement with the UAE Adnocia for the development of a direct air seizure rig. Let’s light up a bit of this development.
Occidental Oil Corporation (NYSE: Oxy) is one of the largest oil and gas producers, including one of the largest oil and gas producers in the United States, including Permia and DJ basins and the leading manufacturer in the Gulf of Mexico.
Recently, the NYSE Oil Corporation (NYSE: OXY) and its subsidiary, 1Poinfive, Abu Dhabi investment company, an investment company in South Texas, has been agreed with a direct air seizure (DAC) investment company. As part of the joint venture, AdNoc will think about $ 500 million for the development of an object developed to seize 500,000 tons of carbon dio. The two energy giant discusses opportunities to cooperate with carbon seize, use and storage projects in the United States and the UAE since signing a memorandum in 2023.
The Strategic DAC Framework Agreement was signed when the President Plans to raise the energy investments in the United States in the United States to $ 440 billion during the last visit of the United Arab Emirates.
Vicki Hollub, President and CEO of Occidental Oil Corporation (NYSE: Oxy), said:
“We believe that we are developing a long partnership with Adnoc and XRG in Adnoc and XRG in Adnoc and XRG in Adnoc and XRG to support the energy independence and global goals.
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