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Adnoc’s big bet on petrochemicals

By James Drummond
Adnoc's new acquisitions in the petrochemicals sector are part of its attempts to diversify Unsplash+/Getty
Adnoc's new acquisitions in the petrochemicals sector are part of its attempts to diversify

Pay attention at the back.

Earlier this week Abu Dhabi-listed Fertiglobe reported net profits of $160m for 2024, down by more than half on 2023 because of lower revenues. Meanwhile, net earnings at Borouge, another of Abu Dhabi’s listed...

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