UAE oil giant to launch low-carbon energy and chemicals investment firm

ADNOC, the largest oil producer in the UAE, plans to establish a new investment firm called XRG. This entity will focus on international natural gas, chemicals, and low-carbon energy initiatives.

The goal of XRG is to significantly increase the value of its assets, aiming for a more than twofold increase over the next decade. This move reflects ADNOC's commitment to diversifying its energy portfolio and investing in sustainable energy solutions as part of its long-term growth strategy.

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