UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) is mulling the sale of waste management assets, owned by its unit ADNOC Refining, sources told Reuters.
In line with ADNOC's objective to monetise non-core assets, the transaction could bring about $500 million to the company.
ADNOC has hired Standard Chartered to arrange for the potential sale of some assets held by ADNOC Refining, which is responsible for crude oil refining and the supply of petroleum products.
It is noteworthy to mention that on Wednesday, 9 December, ADNOC has awarded the US-based Occidental, an international oil and gas exploration and production company, the exploration rights for Abu Dhabi Onshore Block 5.
