Offshore

Abu Dhabi's Adnoc is said to consider IPO for shipping business

Adnoc, Abu Dhabi's national oil company, is allegedly considering an IPO for its shipping unit amid a broader strategy aimed at attracting investments to the emirate.
Photo: SaudiAramco
Photo: SaudiAramco
BY ANTHONY DIPAOLA, BLOOMBERG

Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment into the emirate that pumps most of the crude in the United Arab Emirates, according to people with knowledge of the project.

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