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

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

Valeura Lifts Output with Three Producing Wells at Thailand’s Manora Field

Oil Prices Go Up 3% as Iran Crisis Disrupts Supply

Petronas Takes Operatorship of Oman’s Offshore Block 18

Vantage Drilling’s Ultra-Deepwater Drillship Heads to India Under $260M Contract

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Northern Offshore’s Energy Emerger Rig Up for Drilling Job off Oman

Saipem Lands $425M Turkish Gas Contract in Sakarya Expansion

Current News

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Oil Drops 7% After Trump Predicts War Could End Soon

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

OSV Market: Asia Pacific Downshifts for the Long Haul

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com