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Abu Dhabi National Oil Company has created its new subsidiary, Adnoc Murban, which will become the primary debt capital markets issuing and rated entity for the group. Separately, the firm has requested the withdrawal of its group-level credit rating. ....
Murban crude oil is powering progress in UAE 4 hours ago Murban provides the energy that contributes towards the UAE’s economy, create jobs, and drive socio-economic development. Reuters Every day, motorists across the length and breadth of the UAE fill their vehicles with fuel, and protect their engines with lubricants, supplied by Adnoc Distribution, the UAE’s largest fuel and convenience retailer, and benefit from one of Abu Dhabi’s greatest national treasures - Murban crude oil. First discovered in Abu Dhabi in 1958, Murban provides the energy, from well to wheel, that contributes towards the UAE’s economy, create jobs, and drive socio-economic development. It is also present in the fuels and lubricants sold at Adnoc Distribution’s 445 service stations, and powers flights in and out of the UAE, when refined as aviation fuel. ....