Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors
- Date: 15-Jan-2020
- Source: Reuters
- Sector:Financial Markets
- Country:UAE
Factbox: Abu Dhabi’s ADNOC attracts billions from foreign investors
ADNOC has also sold a stake in its pipeline infrastructure and refining businesses, listed its fuel distribution division and offered international oil companies long-term concession deals.. ADNOC signed a series of 40-year agreements with international energy companies for concessions.. France's Total ( TOTF.PA ) was awarded a 20% stake in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession.. PetroChina was granted 10% stakes in the two offshore concessions.. It paid participation fees of 4.3 billion dirham ($1.17 billion) in total.. It also paid 920 million dirhams ($250 million) to extend its interests in the Satah and Umm Al Dalkh concession..