ADNOC
Infrastructure
UAE renewables firm Masdar swings to profit in 2024, triples assets
Abu Dhabi state-owned renewables company Masdar reported a 2024 profit of 412 million dirhams ($112.18 million) on Thursday, reversing a ......
Manufacturing
ADNOC's $17.2 bn Covestro deal in EU crosshairs over subsidies
Abu Dhabi state oil giant ADNOC's 14.7 billion euro ($17.2 billion) bid for German chemicals company Covestro may face hurdles ......
Infrastructure
ADNOC leads $18.7-bn proposal to buy Australia's Santos in LNG push
Australia's second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an ......
Infrastructure
UAE renewables firm Masdar weighs possible IPO
Abu Dhabi's state-owned renewables company Masdar is in the early stages of considering an initial public offering, three people with ......
Manufacturing
ADNOC eyes international listing of investment arm XRG
Abu Dhabi National Oil Company is considering listing its international investment arm XRG on an exchange outside of the United ......
Manufacturing
ADNOC, Austria's OMV to form $60 bn JV; to buy Canada's Nova Chemicals
Austrian energy firm OMV and Abu Dhabi National Oil Co will merge their polyolefin businesses to create a $60 billion ......
Consumer
BP, ADNOC's XRG agree Egypt gas JV Arcius Energy
BP and Abu Dhabi National Oil Company's international investments arm XRG said on Monday they have closed a deal for ......
Finance
UAE president names Blackstone's Gray, others to board of ADNOC investment arm XRG
United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan approved a board of directors for XRG, state oil giant ......
Manufacturing
ADNOC sets up international investment arm XRG
United Arab Emirates state oil group ADNOC on Wednesday announced the launch of XRG, an investment company focusing on lower-carbon ......
Manufacturing
ADNOC to acquire German chemicals company Covestro for $16 bn
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, ......
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