Abu Dhabi pension fund buys $300m stake in Adnoc Oil Pipelines

In:

Oil & gas

Region:

Middle East & Africa

The Abu Dhabi Retirement Pensions and Benefits Fund will acquire a 3% stake in Abu Dhabi National Oil Company’s pipeline infrastructure company, Adnoc Oil Pipelines, for a payment of AED1.1bn ($300 million). Adnoc Oil Pipelines has leased 18 pipelines, spanning a total of 750km, for a period...

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