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Adnoc prepares for pipeline assets sale

Abu Dhabi National Oil Co (Adnoc) is preparing to sell stakes in its pipeline assets to help fund plans to expand its overseas refining footprint, a source familiar with the matter said.If the sales go through, Adnoc may use the proceeds to invest in Asia further, where the bulk of crude demand growth is projected to occur, said the source, who spoke on the condition of anonymity. Adnoc has already announced an investment in the $44 billion, 1.2 mbpd Ratnagiri refinery in India alongside Saudi...

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