UAE | Egypt Oil & Gas - Part 32

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.

December OSPs Rise

Last week Saudi Arabia and the UAE raised their official selling prices (OSPs) for December.

UAE to Continue Cuts into December

The UAE announced it would continue its production cuts in December.

ADIPEC to Expand Networking Assistance

The Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) is looking to expand its Global Meetings Program to facilitate trade and business networking at this year’s event.

Fujairah Stocks Drop to 16.8M Barrels

The supply of refined products at Fujairah, an oil terminal in the UAE, fell to 16.8 million barrels, a 6.9% decrease

ADNOC to Offer IPO of Distribution Unit in 2017

Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) of ADNOC Distribution this year.

OPEC Secretary General Hints at “Extraordinary Measures”

“Extraordinary measures” may be necessary to stabilize oil markets, the Secretary –General of OPEC, Mohammad Barkindo, told reporters.

ADNOC Nearing Deal for $6B Loan

Abu Dhabi National Oil Company (ADNOC) is closing in on the syndication of a $6 billion loan.

UAE Announces Further Production Cuts

The UAE will make further oil-production cuts in November.

UAE Oil Minister: UAE 100% Compliant with Production Agreement

The UAE is fully compliant with its commitments under the production-cut agreement instituted by OPEC and other major, non-OPEC oil producers, according to the UAE Energy Minister

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