ADNOC Moves US Gas and Green Energy Assets to its $80-Billion Investment Firm

Abu Dhabi’s ADNOC is moving some of its natural gas and green energy assets in the United States into its recently created $80-billion international energy investment company, the CEO of the national oil company of the United Arab Emirates says. At the end of last year, the company pumping nearly all the oil of the UAE announced the launch of a new firm, XRG, an international lower-carbon energy and chemicals investment company with an enterprise value of over $80 billion. XRG was planned to formally commence activities in the first quarter…