Page 40 - Adnoc News Today

Agreement enhances investor value proposition for all of the Ta’ziz industrial zones.

It will supply gas to Emirates Steel and building materials company Arkan for 10 years.

Abu Dhabi National Oil Company (ADNOC) said on Wednesday it plans to issue about $1.2 billion in exchangeable bonds and will offer more shares to investors in its listed retail unit ADNOC Distribution.

The sale of shares comes within days after Morgan Stanley Capital International (MSCI) announced that Adnoc Distribution had been included as part of th...

(Bloomberg) -- Abu Dhabi’s state oil firm plans to raise $1.64 billion by selling more shares in its fuel retail unit and by issuing bonds, as the emirate taps its energy wealth to attract investment.Abu Dhabi National Oil Co. will offer 375 million shares in Adnoc Distribution PJSC at 4.36 dirhams a share. That represents a discount of about 10% to the market price of 4.85 dirhams. Adnoc will also raise $1.195 billion of senior bonds that mature in 2024 and are “exchangeable under...

Abu Dhabi National Oil Company said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution on Wednesday. ... | May 26, 2021

The Belbazem block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.

The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.

The offshore block consists of three fields –Belbazem, Umm Al Salsal and Umm Al Dholou. Adnoc has the majority 60 per cent stake in Al Yasat, with the remainder held by China’s CNPC. "NPCC was selected after a rigorous tender process that ensures it will deploy best-in-class technology and expertise to execute this strategic project, with a substantial part of the award value flowing back into the UAE’s economy," said Yaser Almazrouei, Adnoc upstream executive director said in a statement...

By Reuters Staff 1 Min Read DUBAI (Reuters) - Abu Dhabi-headquartered National Petroleum Construction Company (NPCC) has been awarded a $744 million local oilfield development contract, state news agency WAM reported on Tuesday, citing state-owned Abu Dhabi National Oil Co (ADNOC). The engineering, procurement and construction contract is for the for the full field development of the Belbazem Offshore Block in Abu Dhabi, WAM said. The contract awarded by Al Yasat Petroleum Operations Company, a...