15:57 - 11.06.2025

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June 11, Fineko/abc.az. Amid a review of BP's strategy and a drop in its capitalization, the Abu Dhabi National Oil Company (Adnoc) is considering buying key assets of the British giant.

ABC.AZ reports that the main interest is in gas and LNG projects, as well as the retail business.

Any deal is likely to be realized through Adnoc's international division, XRG, which aims to expand into gas and chemicals and has already announced plans to increase assets to $80 billion. At the same time, the final decision on the purchase has not yet been made, and Adnoc may withdraw from the deal.

The potential sale of assets is related to the revision of BP's strategy: after many years of focusing on the "green transition", the company is again betting on oil and gas, and is also ready to sell non-core businesses. Over the past year, BP's capitalization has decreased by a third, to $80 billion.