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The new company, which is effective from January 1, 2023, combines the operations, maintenance and marketing of the Adnoc Gas Processing and Adnoc LNG businesses int...
In a major move, ALEC Engineering and Contracting, a part of Dubai wealth fund ICD (Investment Corporation of Dubai), has signed a share purchase agreement to acquire Target Engineering, a leading EPC contractor for marine and industrial construction.
Acquiring Target Engineering further strengthens Alec’s established capabilities in marine and industrial construction while enabling the construction company to mar...
Adnoc is poised to float a minority stake in another subsidiary in 2023. A new entity has been established to oversee its growing midstream gas operations...
UAE President chairs Adnoc board of directors meeting; approves plan to bring forward the company’s five million barrels per day oil production capacity expansion to...