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Abu Dhabi National Operating Company- Refining

Company Summary

Description

We refine the oil that is produced by other ADNOC companies, and operate the largest single refinery in the Middle East.

Website

https://www.adnoc.ae/en/adnoc-refining

Operational Regions

  • Middle East

Related Entities

Recent news

  • 1/28/2019 - Eni (20%) and OMV (15%)... (subscriber access)

Company Transactions

Date: 1/28/2019
Type: Acquisition

BUYERS:
  • Eni SpA
  • OMV AG
    • SELLERS:
  • Abu Dhabi National Oil Company (Adnoc)
  • Abu Dhabi National Operating Company- Refining
    • ASSETS:
  • Ruwais Industrial Complex - Crude Oil Refining
  • Ruwais Industrial Complex - Petrochemical Assets
    • DETAILS:

    COST: 5.8 $B

    VOLUMES: 35 Percent

    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