Adnoc keeps busy
The Emirati NOC continues to expand its competencies and monetise assets
Abu Dhabi’s state-owned oil firm Adnoc has looked to shrug off the Covid-19 pandemic to maintain a flurry of corporate activity, diversifying both its operations and revenue streams. The company has a rich history of successfully outsourcing upstream exploration efforts and, over the past few years, has extended this approach to monetise infrastructure and facilities by divesting minority stakes in state assets. This has allowed the company to generate billions of dollars at a time of oil price and demand uncertainty. But it is not just about money for Adnoc: these collaborations with international specialists provide an important platform for knowledge transfer and support the UAE’s localis
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