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Adnoc could list stake in fuel retail business by early 2018: sources

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"With (oil) prices not expected to increase much and production constrained by Opec, Abu Dhabi needs to find alternative ways to get value out of its NOC (national oil company)," said Robin Mills, chief executive of UAE-based consultancy Qamar Energy.

Dubai

ABU Dhabi National Oil Co (Adnoc) could list more than 10 per cent of its fuel retail business by early 2018 and one or two more businesses later as part of a major shake-up, sources familiar with the matter said.

The listing for Adnoc Distribution, which manages petrol

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