Abu Dhabi's ADNOC acquires 49% of aromatics project

Abu Dhabi-Mubasher: Abu Dhabi National Oil Co. (ADNOC) has acquired the 49% stake of Thailand-based Indorama in the Tacaamol Aromatics Project.

At the end of 2013, Indorama had announced that it acquired a 49% stake in the joint venture.

In 2014, the Thailand-based petrochemicals group exited the project without unveiling the reasons.  

Mubasher Contribution Time: 03-Mar-2016 05:09 (GMT)