ADNOC could list stake in fuel retail business in early 2018: sources

ADNOC could list stake in fuel retail business in early 2018: sources:

"Abu Dhabi National Oil Co (ADNOC) could list more than 10 percent of its fuel retail business by early 2018 and one or two more businesses later as part of a major shake-up, sources familiar with the matter said. The listing for ADNOC Distribution, which manages petrol stations and convenience stores across the United Arab Emirates (UAE) as well as bunkering facilities and a lubricant plant, comes as Abu Dhabi and other Gulf states are privatizing energy assets in an era of cheap crude. ADNOC said in July it planned to float stakes in some of its services businesses, but did not give details."



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