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.