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Tuesday, June 18, 2019 9:9 GMT
Abu Dhabi National Oil Company, the UAE's largest oil producer, and chemicals company OCI formed a joint venture that will combine the UAE company's fertilizer business with the Dutch company's Middle East and North Africa platform, an entity with US$1.74 billion in combined annual revenues. OCI and ADNOC will own 58% and 42% of the joint venture respectively, OCI and ADNOC said Monday in statements. The deal is expected to close in the third quarter, subject to legal and regulatory...More