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AlwaysFree: ADNOC Sells 20% Pipeline Stock to ADQ, Abu Dhabi Pension Fund

Author: SSESSMENTS

Abu Dhabi National Oil Co. (ADNOC) sells 20% of pipeline share infrastructure in subsidiary ADNOC Gas Pipelines HoldCo LLC to ADQ and Abu Dhabi Pension Fund.

The total value of the deal was USD20.7 billion, which resulted in upfront proceeds of more than USD10 billion.

ADNOC Gas Pipelines has lease rights to 38 gas pipelines running a total of 982 km.

Tags: AlwaysFree,English,Gas,Middle East,UAE

Published on October 21, 2020 12:28 PM (GMT+8)
Last Updated on October 21, 2020 12:28 PM (GMT+8)