ADNOC


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AcronymDefinition
ADNOCAbu Dhabi National Oil Company
References in periodicals archive ?
The closing takes the combined investment in select ADNOC oil pipeline infrastructure by BlackRock, KKR, ADRPBF and GIC to $4.9bn.
The innovative leasing investment structure marks the first time that leading, global and domestic institutional investors have deployed long-term capital into key ADNOC infrastructure assets.
Ahmed Jasim Al Zaabi, Group Director Finance and Investment at ADNOC, said, "The successful final closing of this landmark transaction is a clear vote of confidence by the global investment community in both the UAE and ADNOC as attractive investment destinations.
BlackRock and KKR together hold 40 per cent, ADRPBF three per cent, GIC six per cent, and Adnoc the remaining 51 per cent in the newly formed entity, Adnoc Oil Pipelines.
Commenting on the Shari'a compliance certification, ADNOC Distribution's Acting Chief Executive Officer, Saeed Mubarak Al Rashdi, said: "We are delighted our shares have been certified as Shari'a compliant for the purpose of investment and trading.
'The successful closing of this pioneering transaction and the oversubscribed financing is a clear vote of confidence by the global investment and finance community in both the UAE and ADNOC as an attractive investment destination,' Ahmed Jasim Al Zaabi, Group Director Finance and Investment at ADNOC said.
- Eni closes acquisition, announced in January, of a 20 percent equity interest in ADNOC Refining
Abu Dhabi: ADNOC Distribution on Sunday launched its "Hello Summer" campaign offering ADNOC Wallet customers free assisted fuelling between 11 am to 5 pm in July and August.
This agreement will see Black Rock and KKR acquire a combined 40% stake in a newly formed entity, Adnoc Oil Pipelines, with ADRPBF acquiring 3% and Adnoc holding the remaining 57%.
BlackRock and KKR will acquire a combined 40 per cent stake in Adnoc Oil Pipelines.
Muscat: The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world's leading institutional investors.