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Abu Dhabi’s SCFEA awards three Adnoc-led production concessions
The agreements cover both onshore and offshore blocks across the emirate
THIS MORNING: Israel strikes Iran in biggest attack on the country since Iraq war + President heads to G7 summit this Sunday
Plus: Sidara’s Wood takeover deadline was extended to the end of June
THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI’s upcoming funding round?
AND- EU moves to delist UAE from money laundering blacklist
Adnoc Gas’ Rich Gas Development project kicks off
The company plans to take final investment decisions on two further phases.
DFM introduces new rules for margin trading + ADGM expects continued growth in registered firms
Plus: Prypco Mint rolls out second tokenized property
NMDC LTS seals Emdad acquisition
Emdad booked more than AED 600 mn in revenues last year
XRG goes global under five-year plan
XRG’s plan targets 20-25 mtpa in LNG capacity, as well as top-three status in chemicals via Covestro and Borouge
Austria’s OMV exits Ghasha concession
The company sold its 5% stake to Russia’s Lukoil
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