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On June 23, Abu Dhabi National Oil Co. (ADNOC) secured a $10 billion deal with a consortium of investors to sell a 49% stake in its gas pipelines. The consortium group will invest in ADNOC assets valued at a total of $20.7 billion, this includes leasing rights to 28 pipelines that span an area of 982.8 km.

UAE’S ADNOC Sells 49% Stake In Gas Pipelines

On June 23, Abu Dhabi National Oil Co. (ADNOC) secured a $10 billion deal with a consortium of investors to sell a 49% stake in its gas pipelines. The consortium group will invest in ADNOC assets valued at a total of $20.7 billion, this includes leasing rights to 28 pipelines that span an area of 982.8 km.

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