Dragon Oil (International) Ltd, a wholly owned subsidiary of the Emirates National Oil Company (ENOC), Government of Dubai, has signed a Memorandum of Understanding (MoU) with Malaysia’s PETRONAS through its subsidiary PETRONAS Carigali International Ventures (PCIV).
The agreement aims to enhance cooperation in oil and gas exploration and production while promoting the exchange of advanced technical expertise, innovation, and best industry practices across the upstream sector to drive sustainable growth and operational excellence.
The signing of the MoU aligns with Dragon Oil’s global growth strategy, which aims to expand the company’s exploration activities, strengthen its production portfolio, and reinforce its presence in key international energy markets.
The MoU was signed by Fareed Al Hashmi, Chief Growth Officer of Dragon Oil, and Azahari Mohd Shuid, Senior General Manager of Strategy and Commercial at PETRONAS, in the presence of Abdulkarim Al Mazmi, CEO of Dragon Oil, and Mohd Jukris Abdul Wahab, Executive Vice President and CEO Upstream at PETRONAS.
The MoU signals the beginning of a potential strategic partnership and aims to explore new areas of technical and commercial collaboration between both parties and identify potential opportunities for future joint projects within the energy sector.
Abdulkarim Al Mazmi CEO – Dragon Oil
“This strategic partnership reflects Dragon Oil’s commitment to strengthening its collaboration with leading international energy companies such as PETRONAS. We recognize PETRONAS for its extensive global expertise and advanced capabilities in the exploration and production sector. By working together, we aim to create synergies that will support both organizations in developing efficient, high-quality projects and achieving shared objectives.”
The CEO further stated that this MoU also aligns with the broader vision to expand Dragon Oil’s global footprint and build long-term partnerships that drive sustainable growth.
As the leading crude oil producer in Turkmenistan and a trusted strategic partner of the Turkmen Government for more than 25 years, Dragon Oil continues to strengthen its global footprint while actively pursuing new growth opportunities in vital energy markets worldwide.
