Abu Dhabi National Oil Co. seals large refining sales deal with Eni to support exploration and gas plans

Tuesday, 05 February 2019

Abu Dhabi National Oil Company, the producer of oil and LNG for the United Arab Emirates, has concluded one of the largest ever deals for refining assets by selling a one-fifth shareholding to Italian energy company Eni for $3.9 billion as the UAE seeks to fund a long extension of LNG output and additional exploration and production activities. 

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