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Emerging MarketsEM Middle East

Adnoc rakes in capital in energy infrastructure deal

oil pipeline 2_adobe_12May_575

The United Arab Emirates’ state-owned oil company, Abu Dhabi National Oil Company (Adnoc), has raised more than $10bn of investment from a consortium of firms in exchange for a stake in select pipelines. This is the second deal in 12 months in which Adnoc has raised international capital by leasing part of its pipeline network.

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