Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, November 27, 2024
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
[ Wed, Nov 27th 2024
] - Thomas Matters
UAE Oil Giant Plans Natural Gas, Chemicals Investment Unit
- The biggest oil producer in the United Arab Emirates will form an investment company to develop its international natural gas, chemicals and low-carbon energy operations.
The United Arab Emirates' state-owned oil company, Abu Dhabi National Oil Co. (Adnoc), is planning to establish a new entity focused on low-carbon energy and chemicals, aiming to diversify its business portfolio amid global shifts towards sustainable energy. This strategic move involves creating a separate firm that will concentrate on producing and marketing low-carbon products, including hydrogen, ammonia, and other chemicals, potentially positioning Adnoc as a leader in the transition to cleaner energy sources. The initiative reflects the UAE's broader economic strategy to reduce reliance on oil and gas, aligning with international climate goals and the growing market demand for environmentally friendly energy solutions. The new company will leverage Adnoc's existing infrastructure and expertise to explore and expand into new markets, enhancing its competitive edge in the evolving energy landscape.
Read the Full Bloomberg L.P. Article at [ https://www.bloomberg.com/news/articles/2024-11-27/uae-oil-giant-plans-separate-low-carbon-energy-chemicals-firm ]
Read the Full Bloomberg L.P. Article at [ https://www.bloomberg.com/news/articles/2024-11-27/uae-oil-giant-plans-separate-low-carbon-energy-chemicals-firm ]
