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ADNOC Distribution is the leading fuel distributor in the UAE. with a market share of around 67 percent in the country by number of retail fuel service stations.
Read More »ADNOC`s Distribution Unit could Raise as much as $2 Billion in IPO
Aramco Sees Oil Market Balanced as UAE Dismisses Shale Threat
Oil markets are on track to come into balance next year.
Read More »UAE Oil Firm ADNOC may Offer 20 Percent Stake in Fuel Unit
ADNOC is offering a minimum 10 percent stake. or 1.25 billion shares. and a maximum 20 percent stake. or 2.5 billion shares. in the IPO of ADNOC Distribution.
Read More »Oil Markets ‘Need to Extend Output Cut Deal’
The UAE has not ceased oil investments since the onset of the price fall.
Read More »Abu Dhabi’s Adipec Draws Record Crowds as Oil Market Sentiment Improves
At least US$10bn of deals signed at flagship industry event. including Adnoc partnership with China’s state oil company.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »OPEC to Recruit New Members to Fight Market Imbalance
The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.
Read More »How to Survive Downturns in the Oil Industry
The heads of BP and Total spoke at Adipec about the need to buck trends and invest in tough times.
Read More »ADIPEC 2017 Opens Tomorrow. World Energy Leaders to Meet in Abu Dhabi
For the first time. the exhibition and conference will include the downstream petroleum industry.
Read More »Masdar Chief Urges Saudi Arabia to Tap Wind Energy
Masdar has invested about 10 billion dirhams ($2.7 billion) in projects worldwide.
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