Abu Dhabi National Oil Company (ADNOC) plans to expand its oil, fuels, and LNG trading business in Europe as it looks to boost its global presence in the downstream and fuel supply, anonymous sources familiar with the plans told Bloomberg on Wednesday. ADNOC, which pumps nearly all the crude in one of OPEC’s top producers, the United Arab Emirates (UAE), wants to expand its trading business and compete for supply to Europe and Africa, taking advantage of the EU bans on imports of Russian crude and fuels, according to Bloomberg’s…
