ADNOC

Abu Dhabi put fuel stations in stock market

Abu Dhabi - Emirates Voice

The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market. The company made the announcement on Monday, saying 10 percent of ADNOC Distribution will go onto the Abu Dhabi Securities Exchange pending regulatory approval. The division operates 360 gas stations and 235 convenience stores across the UnitedRead more

Adnoc unit raises $3b to push growth

Abu Dhabi - Emirates Voice

The Abu Dhabi National Oil Company, or Adnoc, on Monday announced the successful issuance and closing of a $3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The bond, issued by Adcop, an entity 100 per cent owned by the Adnoc Group, highlights the more proactive and flexible management of Adnoc's portfolioRead more

ADNOC strengthens energy partnership

Abu Dhabi - Arab News

The Abu Dhabi National Oil Company (ADNOC) has signed a tri-partite memorandum of cooperation with Japan’s Ministry of Economy, Trade and Industry (METI) and the Japan Oil, Gas and Metals National Company (JOGMEC). The memorandum was signed by Sultan Ahmed Al-Jaber, UAE minister of state and ADNOC Group CEO; Hiroshige Seko, Japan’s minister of economy, trade and industry; and KeisukeRead more

ADNOC to cut October oil supplies by 10 percent

Abu Dhabi - Wam

The Abu Dhabi National Oil Company, ADNOC, on Monday said it would cut its October 2017 crude supplies by 10 percent across its three export grades: Murban, Das and Upper Zakum, to meet commitments under an OPEC deal to curb output. In a statement Monday, ADNOC said the move comes in consolidation of the UAE’s commitment to OPEC's decisions toRead more

ADNOC and Borealis sign agreement

Abu Dhabi - Wam

The Abu Dhabi National Oil Company, ADNOC, and Borealis have signed a framework agreement under which the companies will advance two key projects that will expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy. The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of State andRead more

Adnoc looks for new partnerships, IPOs

Abu Dhabi - Emirates Voice

Abu Dhabi National Oil Company, popularly known as Adnoc, is looking to float some of its services businesses and enter tie-ups with global investors to help it create new revenue streams and secure more market access. The Abu Dhabi-based company, which is responsible for most of the country's 2.9 million barrels a day of output, said on Monday it hasRead more

ADNOC unveils new,expanded partnership

Abu Dhabi - Wam

The Abu Dhabi National Oil Company, ADNOC, today announced the expansion of its partnership model to span the group’s entire value chain as well as the more active management of its portfolio of assets. The new initiative builds on ADNOC’s flexible operating model and its 2030 growth strategy, enabling it to unlock and maximise significant value from across the group,Read more

ADNOC Distribution opens Al Meedan Service

Sharjah - WAM

ADNOC Distribution, the sole distributor of petroleum products in the Emirate of Sharjah through its comprehensive service station network, has announced the further consolidation of its presence in the Emirate with the opening of Al Meedan Service Station. Located on Al Zahra Street adjacent to Government House Square in Sharjah, the new facility is part of the company’s continuous commitmentRead more

ADNOC Distribution opens Al Meedan Service

Sharjah - Emirates Voice

Indian embassy thwarts 700 bogus job offers

Abu Dhabi - Emirates Voice

The Indian embassy in Abu Dhabi has thwarted more than 700 fake job offers made to its citizens in the last six months, the Indian ambassador said. "Between January and June 2017 alone, we have got 792 inquiries about employment offers, and only 66 turned out to be genuine. More than 700 were fake," Indian ambassador to the UAE NavdeepRead more