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Abu Dhabi, UAEMonday 10 December 2018

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Business Extra podcast: What the Baker Hughes-Adnoc partnership means

We speak exclusively with Adnoc's Abdulmunim Al Kindy about the landmark deal in this week's episode

Abdulmunim Al Kindy, head of upstream for Adnoc, which has struck a landmark deal with Baker Hughes. Silvia Razgova / The National
Abdulmunim Al Kindy, head of upstream for Adnoc, which has struck a landmark deal with Baker Hughes. Silvia Razgova / The National

Following the news that US oil services provider Baker Hughes will pay $550 million (Dh2.02 billion) for a 5 per cent stake in Adnoc’s drilling subsidiary, Mustafa Alrawi speaks with Abdulmunim Al Kindy, head of upstream at the Abu Dhabi National Oil Company, to find out how the partnership can drive higher profitability and new opportunities for the sector.

Mustafa and Assistant Business Editor Chris Nelson discuss what this could mean for the wider UAE economy. Listen here:

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Read More:

Baker Hughes drilling partnership could spur boom for UAE energy industry

Go deeper: Adnoc's transformation under CEO Sultan Al Jaber

Adnoc LNG awards Dh3.16bn construction deal for gas development expansion project

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