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Talks cool to allow both sides to navigate differences over merger of cross-held Borealis and Borouge arms
Company lift investment in sector to $23bn by 2030 from previous $15bn
UAE is under intense pressure to deliver a successful climate summit
Torbjörn Törnqvist says bumper profits have reduced rationale for seeking outside investor
Abu Dhabi state energy group improves offer for German chemical company as emirate flexes financial muscle
Plus, Italy’s rightwing government hits domestic banks with a surprise tax and Diageo’s liquor deal with Diddy turns sour
Adnoc amasses 50-strong team as UAE state oil group seeks to diversify business and expand overseas
Announcement made as Gulf country prepares to host COP28 climate talks
Partnership could combine Borouge with Borealis to create global polyolefin company
State-owned oil company Adnoc seeks to diversify revenue stream and expand beyond fossil fuels
Diversifying into cleaner and higher-growth sectors makes sense for Abu Dhabi’s national oil company
UK energy major and Adnoc plan joint venture to pursue projects in eastern Mediterranean
Co-founder of Switzerland-based energy trading company said to be reluctant to yield control to Abu Dhabi group
National oil group is seeking a minority stake in commodity trader as it looks to diversify its revenue stream
Sultan al-Jaber’s pivotal role in upcoming Dubai conference sparks concern among green campaigners
Deal for all or part of trading house would boost UAE’s reach in global commodity markets
IPO will be company’s second since 2017 listing of its distribution arm
Move aims to create benchmark to rival other regional players including Dubai and Oman
Abu Dhabi state group’s chief ‘will not leave any opportunity unturned’ to raise capacity
Gulf producer pledges $122bn in capex for state oil group over next 5 years
Adnoc to net $2.7bn in upfront proceeds from 24-year lease agreement on rents
Consortium acquires 49% stake in Adnoc division as emirate seeks to draw foreign capital
Investors near agreement to take 49% stake in unit of emirate’s state-run energy group
Exchange to host first futures contract based on state oil company’s Murban oil
Abu Dhabi announces new pricing mechanism in push to maximise crude revenue
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