Iraq Bulletin

Tag : ADNOC

Business

ADNOC Gas posts resilient Q1 profit despite disruption

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ADNOC Gas reported first quarter net income of $1.1 billion, underscoring resilient earnings despite disruption to maritime movements through the Strait of Hormuz. The company said it generated $572 million in free cash flow and ended March with $4.2 billion...
News

UAE and Austria deepen strategic partnership talks

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ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Austrian Chancellor Christian Stocker in Abu Dhabi on Friday for talks focused on the two countries’ Comprehensive Strategic Partnership and the impact of regional developments on security and the economy. The meeting brought together...
Business

Sheikh Khaled begins Beijing visit to deepen UAE-China ties

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BEIJING: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, arrived in Beijing to begin an official visit to China that runs from April 12 to April 14, with both sides framing the trip as a step...
Business

Exus Renewables to buy 60% stake in Masdar Portugal wind

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ABU DHABI: Exus Renewables has signed an agreement with Abu Dhabi Future Energy Company PJSC, known as Masdar, to acquire a 60% stake in Masdar’s Portuguese wind portfolio, the companies said. The transaction covers nine onshore wind farms in northern and central...
Business

ADNOC closes $11 billion deal for offshore gas project

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ABU DHABI, December 19, 2025: Abu Dhabi National Oil Company (ADNOC) announced on Thursday the completion of a landmark structured financing agreement valued at up to AED 40.4 billion ($11 billion) to advance the Hail and Ghasha offshore gas development. The...
Business

UAE and Korea strengthen cooperation in energy and advanced industry

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SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology during an official visit by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and...
Business

Solar and wind markets forecast strong global rise

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The global market for five key energy technologies electric vehicles, electrolysers, heat pumps, solar photovoltaic systems, and wind turbines is projected to surge to approximately US$2.1 trillion by 2035, according to the latest World Energy Transitions Outlook 2024 published by...