Hydrogen Wars: The UAE And Saudi Arabia Are Battling For Dominance

Abu Dhabi National Oil Company (ADNOC) is in discussions with energy firms about stakes in projects, investments, and long-term contracts in the hydrogen industry, Bloomberg reports, citing sources familiar with the talks. This is shaping up as another rivalry between the UAE and Saudi Arabia on top of the ongoing OPEC+ discord about oil production quotas. ADNOC, the state-held giant pumping nearly all the oil in the United Arab Emirates, has already stated its ambition to explore the hydrogen market, especially that of blue hydrogen, produced…