Major investments were made in ADNOC in 2019 by US asset managers
BlackRock and
KKR and Italian investment firm
Eni. The US firms acquired about 40% of ADNOC's pipeline assets for about $4 billion, while Eni SpA took a 20% stake in Abu Dhabi Oil Refining Company for over $3 billion.
[25] Austria's
OMV also invested about $2.8 billion, for about 15% of ADNOC's refining business, in partnership with Eni.
[26][27] KKR furthered its investment in 2025 by taking a minority stake in the subsidiary ADNOC Gas Pipeline Assets.
[28]
Singapore's sovereign wealth fund,
GIC, completed a deal with ADNOC in May 2019 that gives GIC a 6% share in ADNOC's pipeline infrastructure. The deal was valued at $600 million.
[26][29]