Abu Dhabi’s energy company is studying a possible sale of oil...


She said Abu Dhabi National Energy Company (TAQA) Wednesday, September 1 It may sell some or all of its assets from oil and gas as part of a strategic review.

TAQA said in a statement that the review will take into account the evolution of the global energy industry, as it shifts towards a cleaner and more sustainable future.

Major energy companies are setting targets to reduce greenhouse gas emissions or are exploring investments in renewable energy and green technology amid mounting pressure from environmental investors and activists.

and owns energy, which is owned by the Abu Dhabi government-owned holding company, has a portfolio of North Sea energy assets in the UK, the Netherlands, Canada and Kurdistan Iraq.

She said the company will evaluate all options, including selling some or all of its assets, or may decide to retain and develop assets within the larger group.

TAQA’s portfolio includes onshore and offshore exploration activities, crude oil development and production activities, andNatural gas and natural gas liquids.

It also works in gas storage, processing and transportation of oil and gas.





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