Emirati investment talks in the energy sector
LIBYA – An economic report published by the Cypriot English-language website Traders Union has said that XRG, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) Group, is seeking to acquire a stake in the Libyan operations of Italian oil and gas company Eni.
New Emirati investments abroad
The report — followed and summarised by Al-Marsad — said the Emirati company aims to expand its energy investment portfolio outside the UAE.
Early talks with no guarantee of a deal
The report noted that the talks are still at an early stage and that there is no guarantee a final agreement will be reached.
