Forbes Middle East

ADNOC Gas Pipelines

Deal value: $20.7 billion

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In one of the largest ever global energy infrastruc­ture transactio­ns, the Abu Dhabi

National Oil Company

(ADNOC) announced in

June a $20.7 billion Energy Infrastruc­ture Deal in its gas pipeline business, which will bring $10.1 billion in foreign direct investment into the U.A.E. from a variety of internatio­nal investors. ADNOC will still hold a 51% majority stake. ADNOC Gas Pipeline is a newly formed subsidiary of ADNOC with lease rights to 38 gas pipelines covering 982.3 kilometers.

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