ADNOC | Egypt Oil & Gas - Part 26
ADNOC Considers New Pricing Mechanism
The Abu Dhabi National Oil Company (ADNOC) is considering changes to its pricing mechanism, Reuters reports. It recently asked for feedback from its Asian customers on whether it should abandon its retroactive pricing...
ADNOC Looks to Invest $109B
The Abu Dhabi National Oil Company plans to invest approximately $109 billion over the next five years to strengthen its market position, Reuters reports. The investments will be channeled toward natural gas productio...
ADNOC Looks to New Business Model, Oil Trading
The Abu Dhabi National Oil Company (ADNOC) plans to enter the oil trading business, Reuters reports. The plan is part of an overall shift in business strategy under the company’s new CEO, Sultan El Jaber, to make the ...
ADNOC Announces Partial IPO of Retail Division
Abu Dhabi National Oil Company (ADNOC) officially announced the partial initial public offering (IPO) of its retail division, Bloomberg reports. The company plans to offer at least 10% of ADNOC Distribution on the Abu...
Abu Dhabi Signs Agreement to Increase Production from Upper Zakum
Abu Dhabi plans to increase the production capacity of its Upper Zakum oilfield to 1 million barrels per day (b/d) by 2024, Reuters reports. Abu Dhabi National Oil Company (ADNOC) Exxon Mobil, and Impex Corporation si...
ADNOC Looks to Expand Upstream & Downstream Capacity
The Abu Dhabi National Oil Company (ADNOC) plans to increase its production capacity to 3.5 million barrels per day (b/d), the CEO of ADNOC, Sultan El Jaber, said, according to Reuters. The company is also looking to ...
ADNOC Subsidiary Issues $3B Bond
Abu Dhabi Crude Oil Pipeline (ADCOP) issued a $3 billion bond on Monday, Zawya reports. The bond offering was over subscribed, receiving over $11 billion in offers, according to The National. It is not clear how the f...
ADNOC Distribution IPO Still On for 2017
Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) in December for its retail operations, sources told Reuters. The company’s retail division, ADNOC Distribution, sells gasoline in the...
