Saudi Aramco, UAE’s ADNOC Plan New Asset Sales

The biggest state-held oil firms in the Middle East, including Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC), consider selling more assets to investors to monetize stakes in their various downstream and upstream businesses as prices rise, sources have told Reuters. Saudi Arabia’s giant Aramco considers sales of part of upstream and downstream assets, including its gas pipelines and stakes in refineries and power plants, two sources with knowledge of the plans told Reuters. Earlier this year, Bloomberg reported, quoting…