Looney has held talks with Sultan al-Jaber, head of the Abu Dhabi National Oil Company, and with Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s powerful national security adviser and businessman, according to three people with knowledge of the matter.
The talks have included a discussion about whether Looney could be involved in making private equity-style investments with the backing of the Gulf state, one of the people said. Looney has not discussed a role within Adnoc, that person added.
Adnoc said in a statement to the Financial Times that the company had not held any talks with Looney but did not address whether any private discussions between him and Jaber had taken place. A representative for Looney declined to comment. Sheikh Tahnoon could not be reached for comment.
Looney, who spent his entire career at the British oil major, resigned abruptly last September and was later dismissed for “serious misconduct” over his failure to fully disclose to the board past relationships with colleagues.
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