CorporateMiddle East

UAE’s Adnoc launches $80 billion investment unit

By LNG Prime Staff
UAE's Adnoc launches $80 billion investment unit
Image: Adnoc

UAE’s energy giant Adnoc launched a new unit, with an enterprise value of over $80 billion, to invest in LNG, chemicals, and low-carbon energies. Adnoc said on Wednesday XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals driven by three megatrends: the…

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