Advertisement
UK markets open in 4 hours 33 minutes

  • NIKKEI 225

    37,807.80
    +179.32 (+0.48%)
     

  • HANG SENG

    17,567.86
    +283.32 (+1.64%)
     

  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     

  • GOLD FUTURES

    2,347.70
    +5.20 (+0.22%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,580.59
    +188.12 (+0.37%)
     

  • CMC Crypto 200

    1,389.77
    +7.20 (+0.52%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Abu Dhabi's oil company ADNOC considering IPO in some services - CEO

Reuters
Cars are seen an ADNOC petrol station in Abu Dhabi, United Arab Emirates July 10, 2017. REUTERS/Stringer (Reuters)

LONDON (Reuters) - Abu Dhabi National Oil Co (ADNOC) is considering an initial public offering of minority stakes in some of its services, its chief executive Ahmed Al Jaber said on Tuesday.

"Strategic partnerships are key to optimising our entire value chain and growing market share," he said at the Oil and Money conference in London.

"We are considering potentially an IPO of minority stakes in our services ... ADNOC will remain wholly owned by one single shareholder, the Abu Dhabi government."

(Reporting by Julia Payne and Ron Bousso; Editing by Dale Hudson)