<span>Abu Dhabi National Oil Company announces IPO price for Borouge</span>

Al-Monitor | May 23, 2022 at 10:44 PM
  • The Abu Dhabi National Oil Company (ADNOC) announced the initial public offering price for its joint venture with Austria’s Borealis today.
  • Why it matters:  ADNOC is the United Arab Emirates’ state oil company, while Borealis is a leading petrochemical firm.
  • The UAE is pursuing various investments in green technology, but the oil and gas sectors still amount to about a third of the Gulf state’s economic growth.