ADNOC Looks to Sell 40% of its Refining Business

Posted on 06/15/2018


The Abu Dhabi National Oil Company (ADNOC) is looking to sell as much as 40% of its refining business. The stake could fetch around US$ 8 billion. ADNOC hired Goldman Sachs and HSBC Holdings as advisers on the deal. ADNOC is reviewing offers from potential buyers. In May, ADNOC revealed plans to accelerate its expansion […]