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The merger would mark the next transformative milestone in ADNOC's ongoing value creation and chemicals growth strategy, with any transaction subject to customary regulatory clearances.
Abu Dhabi oil major Adnoc is very much on song. Over the past several years, the firm has widened its oil and gas business and quietly raised more than $19 billion. BlackRock (BLK.N), the world’s largest fund manager,
The UAE has a total of 105 billion stock tank barrels of recoverable oil and 273 trillion standard cubic feet of conventional gas.
Raja Al Mazrouei, CEO of Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, praised the success of the 13th Ministerial Conference of the World Trade Organisation (WTO), which took place in Abu Dhabi from 26 February to 1 March 2024. Raja Al Mazrouei said:
The UAE said that its production will remain at 2.912 million bpd until the end of June 2024. Afterwards, in order to support market stability, these additional cut volumes will be reversed gradually subject to market conditions.
The third edition of Investopia (Investopia 2024), held over the course of two days, 28 and 29 February in Abu Dhabi, ended on a high note after