National Petroleum Construction Co., an Abu Dhabi government-controlled oil-services company, will hire a management consultant this month to help it look for opportunities in West Africa and Central Asia.
“We are looking at Nigeria, Ghana and Angola in West Africa, and Kazakhstan and Turkmenistan in Central Asia,” Chief Executive Officer Aqeel Madhi said in an interview in Abu Dhabi today. “Billions are being invested in those areas, and we want a share. We would like to establish a shipyard and service the local market.”
National Petroleum is joining Abu Dhabi’s other state-run companies in considering expansion as the city increases its presence abroad. Mubadala Development Co. and International Petroleum Investment Co. have spent the oil-rich emirate’s energy revenue on overseas assets ranging from stakes in General Electric Co. to shares in exploration projects and refineries.
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