ADNOC to offload 35% stake in ADNOC Refining to Eni and OMV for $5.8bn
Italy’s Eni and Austria’s OMV, through separate agreements, have agreed to acquire stakes of 20% and 15%, respectively in ADNOC Refining – the refining business of Abu Dhabi National Oil Company (ADNOC), for a combined total of $5.8 billion. ADNOC will keep the remaining stake of 65% in the refining company, which boasts of a […]