Abu Dhabi’s national oil company, ADNOC, has gotten the Saudi fever it seems. After restructuring part of its ongoing upstream business, most notably, the merger of some of its Operating JVs (OPCOs), the company now seems to have set its eyes on privatizing part of its downstream assets, with its main target being an increase in overall revenue streams and greater access to more markets. Looking at the ongoing IPO-fever in the Arab Gulf countries, especially Saudi Arabia and Oman, it is a logical step forward. The Emirates now seem to have access the same investors and markets as its competitors. ADNOC’s CEO Sultan Al Jaber stated to the press that his company is looking to float some of its services businesses and enter tie-ups with global investors. Talks already are being held with regards to possible partnerships. The ADNOC official indicated that some deals could be expected before […]