Companies & Finance

ADNOC seeks new investors under flexible partnerships

Abu Dhabi National Oil Co. is looking for new investors to participate in oil, gas, refining and petrochemical projects.
By Staff reporter 10 July 2017 0 26690

Abu Dhabi National Oil Co. (ADNOC) is looking for new investors to participate in oil, gas, refining and petrochemical projects, and has proposed a more flexible partnership model.

ADNOC has previously formed partnerships with specialist oil and gas companies.

It will now attempt to tap other sources of finance such as pension funds, private equity and infrastructure investors.

“Shifting global trends are creating a new energy landscape where new rules of engagement are required,” said Ahmed al-Jaber, the United Arab Emirates’ minister of state and chief executive of...