ADNOC, Borealis to list 10% stake in Borouge; continues to monetize assets

Abu Dhabi National Oil Co and Borealis, in which the national oil producer has bought a 25% stake, plan to list 10% of their petrochemical joint venture, Borouge, on the Abu Dhabi Securities Exchange in June as the UAE continues to monetize its energy assets. UAE-based Borouge, the biggest petrochemical company in the country, will be ADNOC’s fourth sale of…