Adnoc Global Trading (AGT) is set to broaden its footprint by expanding into the United States, as part of its plan to boost trading volumes by almost two-thirds.
The company, serving as the oil trading arm of Abu Dhabi National Oil Company (Adnoc), currently handles between 1.1 million and 1.2 million barrels of oil per day. According to CEO Ahmed bin Thalith, the firm aims to increase this figure to 2 million barrels daily, Bloomberg reported.
Bin Thalith noted that since its establishment, AGT has launched offices in Singapore and Geneva, Switzerland, and now plans to open a new office in Houston, Texas, by 2027.
