With an aim to support the ‘Make it in the Emirates’ initiative, Adnoc has awarded the contracts to nine of its suppliers for ...

In March 2024, the company, in collaboration with Austrian energy producer OMV AG, planned to acquire Canada’s Nova Chemicals Corp. This acquisition was part of efforts to form a major global chemical ...

OMV AG and ADNOC signed an agreement in March to consolidate their polyolefin businesses, with ADNOC also agreeing to acquire NOVA Chemicals Corp. to be transferred to the new joint venture (JV).

The Abu Dhabi branch of Sweden-based Rejlers will perform detailed engineering works on the project to expand the output capacity of the PE4 and PE5 polyethylene production units of Borouge Register ...

Adnoc Distribution: At its AGM on March 26, Adnoc Distribution shareholders approved a final cash dividend of $350 million (Dhs1.3 billion) for the second half of 2024, bringing total annual dividends ...

ADNOC Gas ADNOC Gas shareholders approved the companies’ proposal to distribute $1.7bn (AED 6.2bn) for the second half of the year, raising the 2024 annual dividend to $3.41bn (AED12.5bn), the largest ...

XRG, which ADNOC has said has $80 billion in assets, has a mandate to pursue global deals in chemicals, natural gas and renewables, as the emirate seeks to build a globe-spanning portfolio ...

In October, ADNOC bought German chemicals maker Covestro for 14.7 billion euros ($15.31 billion), including debt. The business also sits under XRG. ADNOC has also invested in assets beyond chemicals ...

Adnoc and Bank of America declined to comment. XRG, which Adnoc has said has US$80bil in assets, has a mandate to pursue global deals in chemicals, natural gas and renewables, as the emirate seeks ...

Adnoc agreed in October last year to take over German producer Covestro for €14.7bn ($15.6bn). Canada’s Nova can produce 2.6 tonnes per year of polyethylene and 4.2m tonnes of ethylene.