Abu Dhabi, UAE, June 23 (Korea Bizwire) — The Abu Dhabi National Oil Company (ADNOC) announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore’s sovereign wealth fund [...]
SEOUL, Feb. 8 (Korea Bizwire) — Samsung Engineering Co., a major South Korean industrial plant builder, said Thursday that its joint venture secured a US$ 3.1 billion deal to upgrade an oil refinery in the United Arab Emirates. Under the deal with the Abu Dhabi National Oil Company (ADNOC), Samsung and Netherlands-based CB&I will introduce [...]
SEOUL, Oct. 6 (Korea Bizwire) – Employees of ADNOC, the largest oil company operated by the United Arab Emirates (UAE), as well as their families, will now be able to receive medical treatment at Korean hospitals. The Korea Health Industry Development Institute (KHIDI) and ADNOC signed a memorandum of understanding (MOU) to migrate patients, cooperate on [...]
SEOUL, May 13 (Korea Bizwire) – South Korean energy firm GS Energy Corp. said Wednesday it has won a 3 percent stake in an oil concession in the United Arab Emirates, joining major players from Japan and France to pump oil from the largest oil field in the Middle East country over the next four decades. [...]