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Thursday, 20 April 2017

Adnoc hires advisers as it eyes new partnerships | The National

Adnoc hires advisers as it eyes new partnerships | The National:

"The Abu Dhabi National Oil Company (Adnoc) has hired new financial public relations advisers as it moves to the next stage of its strategy, which includes developing a wider range of international partnerships.

The state oil company has hired Teneo, a relatively young firm best known for its high-level connections through co-founder and president Douglas Band, a long-time adviser to former president Bill Clinton and the Clinton Foundation, and the Irish-born co-founder and chief executive Declan Kelly, who was appointed by former US secretary of state Hillary Clinton as an envoy to Northern Ireland when she was in office.


Adnoc executives said the move does not presage any plan for an initial public offering or capital markets transactions, such as issuing debt, but rather is part of the next stage of its strategy, which has included looking for a broader range of international partners and more innovative deals to develop Abu Dhabi’s oil, gas, refining and petrochemicals projects."



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