ADNOC could make $15bn gas pipeline deal

ADNOC could make $15bn gas pipeline deal
Published: 29 January 2020 - 6:45 a.m.
By: Carla Sertin

Companies including BlackRock, Global Infrastructure Partners, and KKR & Co. are considering bidding on ADNOC's gas pipelines unit, Bloomberg reported.

It reported that the unit could be worth up to $15bn including debt, according to anonymous sources. The first-round bids are expected to come through in mid-February, and ADNOC could reportedly sell up to 49% of the business through a lease structure.

KKR and BlackRock already invested $4bn into ADNOC's oil pipelinees in 2019, marking the first investment by foreign asset managers into the infrastructure of any Middle Eastern national oil company.

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