India, Jan. 20 -- ADNOC Gas plc and its subsidiaries, an integrated gas processing and sales company, have announced the signing of a long-term sales and purchase agreement (SPA) with India's Hindustan Petroleum Corporation Limited (HPCL), valued at approximately $2.5-3 billion over a 10-year period.

The agreement was announced during UAE President Sheikh Mohamed bin Zayed Al Nahyan's official visit to India, where he met Prime Minister Narendra Modi, underscoring the deepening strategic ties between the two countries.

The contract was exchanged by Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, and Vikas Kaushal, Chairman and Managing Director of HPCL.

Fatema Al Nua...