It was relatively quiet for the UAE in the global press overnight. The Financial Times takes a look at Adnoc’s energy transition plans, including decarbonizing existing operations and transitioning into green energy while reserving oil and gas for export. The company is banking on continued strong global demand for gas, especially after Russia’s removal from Europe’s gas market. The salmon-coloured paper also dove into Adnoc’s chemicals, plastics, and ammonia investments. FT interviewed Adnoc executive director Musabbeh Al Kaabi discussed the company’s strategies in an interview.

REMEMBER- Adnoc finalized yesterday its USD 3.62 bn acquisition of OCI Global’s 50%+1 stake in the chemical producer Fertiglobe. It also made a public takeover offer earlier this month to acquire German chemicals company Covestro for EUR 14.7 bn.

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