Abu Dhabi National Oil Company (ADNOC) entered talks on 2026-09-07 to acquire stakes in major refining operations in Thailand and Nigeria, including the Dangote Refinery in Africa. The move aims to secure customers for ADNOC's crude and expand its global refining footprint.
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Abu Dhabi National Oil Co. is in talks with the biggest refining companies in Thailand and Africa to invest in their businesses as it looks to secure customers for its crude and expand fuel trading, according to people with knowledge of the situation.
[Daba Finance] Abu Dhabi National Oil Co. is in talks to buy stakes in refining businesses in Nigeria and Thailand as the state-owned producer seeks more customers for its crude and a larger role in fuel trading. The discussions include Nigeria's Dangote Petroleum Refinery and refineries operated by units of Thailand's PTT.