Adnoc this week introduced two separate offers by which it secured a complete of $13bn for its operations. The offers got here shortly after Adnoc’s board accepted a $150bn funding plan out to 2030.
The primary, and largest deal, was an $11bn structured financing transaction introduced on 18 December unlocking capital from its 1.8bn cfd Hail and Ghasha bitter fuel growth (Adnoc 80%, Eni 10%, PTTEP 10%). Adnoc final month took over Lukoil’s 10% stake, with the Russian agency topic to stringent US sanctions (MEES, 31 October). The companions goal to carry the primary section on-line imminently, reaching full 1.8bn cfd capability by 2030. (CONTINUED – 212 WORDS)
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