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Adnoc taps Reatile Group to satisfy South Africa's ownership rules for its USD 1 bn Shell deal
The sale is dependent on Adnoc Distribution’s own acquisition of Shell Downstream South Africa, set to close in 2027
THIS MORNING: Adnoc to trim Asia sales + Space42 looking to double revenues by 2030
Good morning, everyone. The UAE’s détente with Iran has come to an abrupt end, with the fallout coming at a…
THIS MORNING: Fujairah workaround attracts Aramco attention + AD Ports’ tender clock starts
Plus: IRGC reportedly detains UAE-linked tanker in Hormuz
DP World makes headway on Port of Tartous, Adnoc Gas lines up contracts for RGD project, CBD allows for cross-bank payments, Sanad to double engine capacity, Tax Star secures USD 1.75 mn
DP World added three cranes to the Syrian port as part of its USD 800 mn investment program
THIS MORNING: BMI sees turbulence ahead + Adnoc keeps selling through the squeeze
Plus: Occupancy rates at DIEZ Authority’s three zones came in at 96%
XRG takes a stake in Venezuela’s offshore Loran gas field in BP-led deal
The acquisition brings Gulf capital to Venezuela’s energy sector for the first time
THIS MORNING: OpenAI brings local inference to UAE + Adnoc is shuttling Iraqi crude across the Strait of Hormuz
Tourism and travel’s contribution to the Gulf’s GDP could drop by 14.5% to USD 330 bn this year
Adnoc Gas’ profit halved on Hormuz disruptions — so it’s planning an LNG export route that skips the strait entirely
The company is looking for a new LNG export facility on the UAE’s east coast as an alternative export route
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