The company added that investors will acquire a 49% stake in ADNOC Gas Pipes assets, a subsidiary of ADNOC. The subsidiary, which is newly established, has the rights to lease 38 pipelines, at a total length of 982.3 km. ADNOC will retain the remaining majority stake of 51%.
Latest in Tag: ADNOC Highlight
Latest in Tag: ADNOC
EGPC is working on an agreement with Saudi Arabia, Kuwait, and the UAE on the importation of shipments of petroleum materials and crude oil to meet the growing demand of the domestic market.
Studies were conducted to lower Internet prices by next week
Rejection comes despite recent visit made by François Hollande to UAE in January to advocate for Total acquiring the contract