ADNOC looks overseas for partner investors

Abu Dhabi is making moves to attract foreign investment to its upstream sector Abu Dhabi is making moves to attract foreign investment to its upstream sector.
By Verity Ratcliffe 28 July 2017 0 26961
ADNOC’s Chief Executive Sultan Ahmed al-Jaber is attempting to attract foreign partners to Abu Dhabi. (PA)

Abu Dhabi National Oil Co. (ADNOC) is turning to foreign parties to help fund parts of its operations that were previously closed to outside investment. 

ADNOC Chief Executive Sultan Ahmed al-Jaber met potential and existing partners in China and Japan in early July, days after announcing the company’s intention to seek greater involvement from foreign players. 

“Chinese and Japanese companies have been amongst our most important and longest-standing partners, and Asia represents tremendous growth opportunities for ADNOC,” said Jaber. “We are therefore seeking partners to co-invest across...

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