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Abu Dhabi National Oil Company (Adnoc)

Company Summary

Description

The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates

Operational Regions

  • Middle East

Related Entities

Recent news

  • 11/23/2020 - ADNOC Discovers 22 BBoe... (subscriber access)
  • 11/12/2020 - ADNOC LNG Signs Six-Year... (subscriber access)
  • 11/12/2020 - ADNOC & Total Produce... (subscriber access)
  • 10/21/2020 - Abu Dhabi Pension Fund... (subscriber access)
  • 7/23/2020 - Adnoc Setting Up... (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

NOTES:
Abu Dhabi is closing in on a deal to sell a stake in natural gas pipelines to a group led by Global Infrastructure Partners and Brookfield Asset Management. The purchase would include a 49% stake in the pipelines as soon as this month, with the pipes valued in excess of $15 billion.
REGIONS:
  • Middle East
  • Date: 10/21/2020
    Type: Acquisition

    NOTES:
    Abu Dhabi Pension Fund and holding company ADQ have made a $2.1 billion investment into the nation's gas pipeline assets which are owned by ADNOC. The deal includes a 1/5 stake in the business, which includes 38 pipes across 610-miles.
    REGIONS:
  • Middle East
  • Date: 9/30/2019
    Type: Acquisition

    NOTES:
    KKR & BlackRock are investing $4 billion into ADNOC Oil Pipelines for a 40% interest. ADNOC will hold the remaining 60% stake.
    REGIONS:
  • Middle East
  • Date: 8/12/2019
    Type: Acquisition

    NOTES:
    ADNOC has entered into a deal to acquire a 10% equity stake in VTTI while IFM Global Infrastructure Fund holds 45% and Vitol 45%.
    REGIONS:
  • International
  • Date: 8/6/2019
    Type: Acquisition

    NOTES:
    GIC acquired a 6% stake in Adnoc Oil Pipelines for $600 million.
    REGIONS:
  • Middle East
  • Date: 6/27/2019
    Type: Acquisition

    NOTES:
    ADNOC reported Blackrock and KKR have purchased a 40% stake in ADNOC Oil Pipelines for $4 billion. The pipeline company will lease ADNOC's interest in 18 crude oil and condensates pipelines across ADNOC's upstream concessions for 23 years.
    REGIONS:
  • Middle East
  • Date: 1/28/2019
    Type: Acquisition

    NOTES:
    Eni and OMV agreed to pay roughly $5.8 billion for a combined 35% stake in Abu Dhabi National Oil Co. Refining.
    REGIONS:
  • Middle East
  • Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Baker Hughes
  • DETAILS:

    COST: 550 $MM

    NOTES:
    ADNOC and Baker Hughes signed a strategic partnership agreement for the growth and development of ADNOC's subsidiary, ADNOC Drilling, into a fully integrated drilling and well construction provider in which Baker Hughes will acquire 5% stake in ADNOC drilling for $550 million. The transaction is expected to close in 4Q18.
    REGIONS:
  • Middle East