Abu Dhabi National Oil Company (ADNOC) is considering a public listing of more than 10% of ADNOC Distribution, Reuters reports. The listing could occur by early 2018.
The company might also list additional businesses later, according to the news agency’s sources. The listing, when it occurs, will likely be on the Abu Dhabi stock exchange.
ADNOC Distribution is ADNOC’s fuel-retail business and operates gas stations across the UAE.
ADNOC is a state-owned oil and gas company that operates out of Abu Dhabi.