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May 14, 2018 - Contax Partners’ Energy Feed

ADNOC announces USD 45bn Downstream Investment Plan | Bahrain launches USD 1bn Energy fund | QP to offer 49% shares in Qatalum for Public Offering


ADNOC announces USD 45bn Downstream Investment Plan

ADNOC announces USD 45bnAbu Dhabi National Oil Company (Adnoc) has announced that it will invest USD 45bn in downstream operations in partnership with global players over the next five years. With a combined program of strategic partnerships and investment, ADNOC plans to increase its range and volume of high-value downstream products, secure better access to growth markets around the world and create a manufacturing ecosystem in Ruwais that will significantly stimulate In-Country Value creation, private sector growth and employment. This investment plan will enable Ruwais Industrial Complex's refining capacity to expand by more than 65% by 2025 (via an addition of a third new refinery) and enable petrochemical production capacity to treble by 2025. Additionally, ADNOC plans to develop a new large-scale manufacturing ecosystem in Ruwais through the creation of new petrochemical Derivatives and Conversion Parks.


Bahrain launches USD 1bn Energy fund

Bahrain launches USD 1bnBahrain launched an energy fund for institutional investors looking to develop the Kingdom's energy assets. The Bahrain Energy Fund will look to raise up to USD 1bn, with initial seed capital from the country’s oil and gas investor Nogaholding, as well as asset managers Osool and Sico Investment Bank. Furthermore, the fund will be open to investors in Bahrain, the GCC and internationally. It will invest in a range of energy projects in Bahrain across the downstream, mid-stream and upstream sectors - including developments in the newly discovered oil and gas field.


QP to offer 49% shares in Qatalum for Public Offering

QP to offer 49% shares in QatalumQatar Petroleum announced that it will be offering 49% of its shares in Qatalum for public offering as this will allow Qatari nationals to invest in reliable shares of state-sponsored companies. This step is in line with Qatar's National Vision 2030 goals. Important economic objectives of Qatar National Vision include developing a diverse and competitive national economy, increasing the participation of the private sector in economic activity and supporting an investment climate capable of attracting capital. It is anticipated that the necessary procedures and approvals will be taken for listing on the Qatar Exchange during the last quarter of this year.





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