ADNOC inks $10bln deal, keeps tight control of costs amid market downturn – ZAWYA

ADNOC inks $10bln deal, keeps tight control of costs amid market downturn – ZAWYA

ADNOC inks $10bln deal, keeps tight control of costs amid market downturn ADNOC inks $10bln deal, keeps tight control of costs amid market downturn | ZAWYA MENA Edition HomeBusinessEnergyArticleADNOC inks $10bln deal, keeps tight control of costs amid market downturn The investors will acquire a 49% stake in ADNOC Gas Pipeline Assets    Staff are seen at the Panorama Digital Command Centre at the ADNOC headquarters in Abu Dhabi, UAE May 12, 2018.DUBAI - Abu Dhabi National Oil Company (ADNOC) said on Tuesday it had signed a $10 billion gas infrastructure deal with a consortium of investors, while its chief executive told Reuters the company would keep a tight lid on costs amid low oil prices.The mega pipeline deal is the world's single largest energy infrastructure investment this year, CEO Sultan al-Jaber said in a phone interview.A consortium of Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore's sovereign wealth fund GIC, Ontario Teachers' Pension Plan Board, NH Investment & Securities and Italy's Snam will invest in select ADNOC gas pipeline assets valued at $20.7 billion, ADNOC said.The mega pipeline deal is the world's single largest energy infrastructure investment this year, CEO Sultan al-Jaber said in a phone interview.DUBAI - Abu