By Tyler Losier, Energy Reporter, Oil & Gas 360
Combined investment in Abu Dhabi National Oil Company’s pipeline project reaches almost $5 billion
Source: Abu Dhabi National Oil Company
Singapore’s sovereign wealth fund, GIC, has entered into an agreement with the Abu Dhabi National Oil Company (ADNOC) to contribute $600 million towards crude pipeline infrastructure, joining other prominent investors such as BlackRock (stock ticker: BLK), KKR, and the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF).
The deal is expected to close before the end of the year, subject to customary closing conditions and regulatory approval.
In total, the collection of companies has committed $4.9 billion in capital to date towards ...
