Statoil vies for a stake in Abu Dhabi's offshore oil
A Norwegian diplomatic dispatch says Statoil is among the companies in talks with the Abu Dhabi National Oil Co regarding offshore production in the UAE.
News on Abu Dhabi.
A Norwegian diplomatic dispatch says Statoil is among the companies in talks with the Abu Dhabi National Oil Co regarding offshore production in the UAE.
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.
Gulft state Abu Dhabi plans to merge tree shipping and port units into one major shipping company from late 2017. The move comes just a month after consolidating two oil and gas companies.