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Market Chatter: Adnoc Reportedly Weighs Stakes in Refineries in Thailand, Nigeria

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Abu Dhabi National Oil Co., d/b/a Adnoc, is reportedly looking to acquire stakes in refineries operated by PTT Pcl units in Thailand and in Dangote's facilities in Nigeria.

Citing unnamed sources, Bloomberg News reported Monday that the proposed Thai deal, which could be announced in 2026, would allow Adnoc to supply crude to the facility and purchase fuels to sell to other buyers.

Adnoc did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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