ADNOC Oil Pipelines handles ADNOC's interest in 18 crude oil pipelines that transport crude and condensate from the upstream business. The firm is 51% owned by ADNOC, 40% by KKR & BlackRock, 3% by Abu Dhabi and 6% by GIC.
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.
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