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Abu Dhabi National Oil Company inks US$10b deal, keeps tight control of costs amid market downturn | Malay Mail

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DUBAI, June 23 — Abu Dhabi National Oil Company (ADNOC) said today it had signed a US$10 billion (RM43 billion) gas infrastructure deal with a consortium of investors, while its chief executive told Reuters the company would keep a tight lid on costs amid low oil prices. The mega pipeline deal is...

Tuesday, 23 Jun 2020 07:00 PM MYT

The mega pipeline deal is the world’s single largest energy infrastructure investment this year, CEO Sultan al-Jaber said in a phone interview. The group of investors will acquire a 49 per cent stake in newly formed subsidiary ADNOC Gas Pipeline Assets, while ADNOC will hold the remaining 51 per cent.

 

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