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Adnoc Said to Be in Talks for Thailand, Dangote Refinery Stakes
Source: Bloomberg
M&A & RestructuringEnergy Markets & PricesTrade Policy & Supply ChainEmerging Markets
Abu Dhabi National Oil Co. is in talks to invest in major refining companies in Thailand and Africa. The prospective investments would help ADNOC secure long-term customers for its crude while expanding its fuel-trading presence in key Asian and African markets. Financial terms and potential transaction sizes were not disclosed.
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