UAE ADNOC-BP Asset Sale: Negotiations advance amid rising competition

ADNOC CEO Sultan Al-Jaber is personally leading the negotiations from ADNOC’s side, signaling the importance of the deal for the UAE.

This note explores ADNOC-BP asset sale, including:

• ADNOC’s and BP’s preferences
• The status of negotiations and expected announcements
• Key people involved in negotiations
• Rising competition from IOCs and regulatory challenges in Europe