Abu Dhabi National Oil Company’s Launch of ADNOC Trading

Abu Dhabi National Oil Company's Launch of ADNOC Trading

Shearman & Sterling has advised the Abu Dhabi National Oil Company (ADNOC) on the deal.

Abu Dhabi National Oil Company (ADNOC) finalized the establishment and launch of its crude oil trading unit: ADNOC Trading, based in Abu Dhabi Global Market (ADGM). The launch of the trading unit represents the next step in ADNOC’s expansion of its global presence as it takes steps to increase value through its trading activities. ADNOC Trading has commenced operations, engaging in derivatives trading in crude oil products primarily in ADGM.

Abu Dhabi National Oil Company (ADNOC) is a diversified and integrated group of energy companies.

Shearman & Sterling advised ADNOC with a team including Renad Younes (Picture), Patrick Clancy, Thomas Donegan, Marwan Elaraby, Simon Letherman, Philip Stopford, Sam Whitaker, Sara Couling, Oliver Linch, Omar Alkaffas, Elias Allahyari, Charlie Marmion, Katherine Mcalinden, Laleh Shahabi, and Kasia Lebiecki.

Involved fees earner: Omar Alkaffas – Shearman & Sterling; Elias Allahyari – Shearman & Sterling; Patrick Clancy – Shearman & Sterling; Sara Couling – Shearman & Sterling; Thomas Donegan – Shearman & Sterling; Marwan Elaraby – Shearman & Sterling; Simon Letherman – Shearman & Sterling; Oliver Linch – Shearman & Sterling; Charlie Marmion – Shearman & Sterling; Katherine McAlinden – Shearman & Sterling; Laleh Shahabi – Shearman & Sterling; Philip Stopford – Shearman & Sterling; Sam Whitaker – Shearman & Sterling; Renad Younes – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Abu Dhabi National Oil Company;

Author: Michael Patrini.