Adnoc, Blackrock And KKR Strike Big Pipeline Stake Transfer Deal

摘要

State-owned UAE energy company Abu Dhabi National Oil (Adnoc) recently signed a $4bn deal with US-based investors BlackRock and KKR granting them a minority stake in its pipeline arm.The pact gives the two investors a joint stake of 40% in Adnoc Oil Pipeline, a newly established firm that owns all of the 18 pipelines that carry Abu Dhabi crude oil and condensates, a statement said. One of the largest national oil conglomerates, Adnoc has signed a raft of agreements with major international oil firms to attract funding and expertise in a bid to boost production of crude oil and natural gas as well as refining capacity.