ADNOC Inks $600 Mln Deal with GIC

Wednesday, September 4, 2019

Abbu Dhabi National Oil Co (ADNOC) said on Wednesday it signed a $600 million pipeline infrastructure investment agreement with Singapore's sovereign wealth fund GIC.

The deal follows previous investments by BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund in the Abu Dhabi oil giant's pipeline infrastructure, bringing the combined investments to a total of $4.9 billion, ADNOC said.


(Reporting by Asma Sharif and Davide Barbuscia, editing by Sylvia Westall)

Categories: Contracts Middle East Pipelines

Related Stories

Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Oil Hikes 7% after Trump Says US-Israel will Keep Striking Iran

Fugro to Conduct Site Investigation for South America’s First Offshore Wind Project

Current News

DroneQ Robotics, Mark Offshore Collaborate with R/V Mintis

OMV Petrom’s Black Sea Well Fails to Find Significant Gas Volumes

Eco Wave Power Completes Los Angeles Wave Energy Pilot with Shell

Borr Drilling Secures New Drilling Rig Contracts Across Four Regions

Subscribe for OE Digital E‑News