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 sources. ADNOC Trading trades Murban crude, a light sweet crude oil produced by ADNOC. But the group wants to expand into trading many other crude varieties. The White House Does Not Expect Arab States to Weaponize Oil ADNOC is currently trading Nigerian crude in term supply deals, Bloomberg noted. ADNOC Trading plans to open an office in Geneva, Switzerland, by the end of next year, Bloomberg’s sources said. This would be the company’s first office in Europe. Another office opening is in the plans for 2025—in Houston, Texas.