Sun, Dec 5, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | M&A, Oil more

Abu Dhabi Merger to Create Oil Producer Dwarfing OPEC’s Libya

Posted on 30 June 2016

Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with bigger assets than ConocoPhillips.
The Persian Gulf emirate with about 6 percent of the world’s crude reserves will combine Mubadala Development Co. and International Petroleum Investment Co. to cut costs and boost efficiency, the state news agency WAM reported Wednesday. The deal would pool assets of about $135 billion, many of them non-energy-related, and debt of about $42 billion, according to Bloomberg calculations……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2021
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031