Adnoc Launches New Natural Gas, Chemicals Investment Unit Valued at $80 Billion
The Abu Dhabi National Oil Company started a new unit to invest in natural gas, chemicals and low-carbon energies, as it aims to capitalize on growing international demand and become a fully integrated energy company.
Adnoc launches $80bn unit for low-carbon transition
XRG will aim to more than double its asset value over the next decade by capitalising on the demand for low-carbon energy and chemicals. The three factors driving demand are energy transformation, the growth of artificial intelligence and the rise of emerging economies.
ADNOC launches $80B low carbon energy company XRG: What we know
Abu Dhabi National Oil Company ( ADNOC) announced Wednesday that it is launching a new lower carbon energy and chemicals company called XRG, with a value of at least $80 billion, to capitalize on the growing demand for clean energy.
Adnoc unveils $80 billion global low-carbon, gas and chemicals giant in latest diversification move
Emirati state giant has been diversifying its international portfolio, eyeing a wider role in the liquefied natural gas value chain, low-carbon, as well as in chemicals and fertilisers
ADNOC announces launch of lower-carbon energy company XRG
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VIDEO: ADNOC launches XRG, its $80bln low-carbon energy and chemicals investment company
The UAE energy giant Abu Dhabi National Oil Co. (ADNOC) has rolled out a new lower-carbon energy and chemicals investment company XRG, with an enterprise value of over $80 billion. XRG is expected to more than double its asset value over the next decade by capitalising on the demand for clean energy.
ADNOC Forms $80B Investment Firm to Grow Gas, Chemicals, Low-Carbon Assets
ADNOC added about the new investment company, “XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals driven by three megatrends: the transformation of energy, exponential growth of AI, and the rise of emerging economies”.
Abu Dhabi’s Adnoc Is Said to Consider Selling Stake in Gas Unit
The United Arab Emirates’ state energy company is weighing plans to sell a further stake in its gas business, according to people familiar with the matter.
Adnoc Launches New Natural Gas, Chemicals Investment Unit
The Abu Dhabi National Oil Company started a new unit called XRG to invest in natural gas, chemicals and low-carbon energies to support its international growth and drive value.
Adnoc launches $80bn low-carbon energy and chemicals investment company
Adnoc on Wednesday launched XRG, an international lower-carbon energy and chemicals investment company, with an enterprise value exceeding $80 billion. XRG plans to double its asset value over the next decade by investing in low-carbon energy and chemicals,
UAE state oil group 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 ...
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ADNOC considers selling stake in Adnoc Gas amid strategic expansions
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UAE’s Oil Giant Launches $80-Billion Chemicals and Green Energy Firm
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ENEC, ADNOC to explore nuclear technology for O&G sector
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Technip Energies wins sizeable engineering deal for the expansion of Adnoc giant offshore oilfield
Adnoc’s next expansion phase of the Upper Zakum oilfield is expected to boost the field’s output to 1.5 million bpd in the ...
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44.01 and ADNOC to scale up carbon mineralisation in the UAE
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ADNOC Gas share sale could add the stock into indices, attract substantial funds
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ADNOC L&S takes delivery of first new-build LNG carrier from Jiangnan Shipyard
ADNOC Logistics and Services plc has taken delivery of ‘Al Shelila,’ the first of six newbuild LNG carriers from Jiangnan ...