{"id":28200,"date":"2021-12-02T02:39:58","date_gmt":"2021-12-01T23:39:58","guid":{"rendered":"https:\/\/www.al-sindbad.net\/adnoc-logistics-services-tipped-to-go-public\/28200\/"},"modified":"2021-12-02T02:39:58","modified_gmt":"2021-12-01T23:39:58","slug":"adnoc-logistics-services-tipped-to-go-public","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/adnoc-logistics-services-tipped-to-go-public\/28200\/","title":{"rendered":"ADNOC Logistics &#038; Services tipped to go public"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>ADNOC Logistics &amp; Services (ADNOC L&amp;S), the shipping and maritime logistics arm of the state-owned Abu Dhabi National Oil Company (ADNOC), could be floated next year.<\/p>\n<p>ADNOC is said to be planning an initial public offering (IPO) in Abu Dhabi, and a deal might be struck after evaluating investor interest and market conditions, <em>Reuters<\/em> reported, citing two sources familiar with the matter.<\/p>\n<p>ADNOC L&amp;S operates a fleet of over 240 owned and chartered vessels and has a 25-year <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/adnoc-logistics-and-services-secures-25-year-service-contract\/\" target=\"_blank\" rel=\"noreferrer noopener\">exclusive agreement<\/a><\/span> to service all petroleum ports in Abu Dhabi. Its owned fleet is worth around $2bn, according to VesselsValue.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>In September ADNOC offered 11% shares in its <span style=\"text-decoration: underline;\"><a href=\"https:\/\/splash247.com\/adnoc-to-list-drilling-business-in-abu-dhabi-ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">drilling<\/a><\/span> unit on the Abu Dhabi Securities Exchange (ADX), which raised more than $1.1bn. The company also raised close to $800m in October when its chemicals business OCI launched the public share sale of its fertiliser venture Fertiglobe.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\">\n<span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/united-arab-emirates\/\" rel=\"tag\">United Arab Emirates<\/a><\/span>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ADNOC Logistics &amp; Services (ADNOC L&amp;S), the shipping and maritime logistics arm of the state-owned Abu Dhabi National Oil Company (ADNOC), could be floated next year. ADNOC is said to be planning an initial public offering (IPO) in Abu Dhabi, and a deal might be struck after evaluating investor interest and market conditions, Reuters reported, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":28201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-28200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28200"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/28201"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}