What the Baker Hughes-Adnoc partnership means

11/10/2018 34 min
What the Baker Hughes-Adnoc partnership means

Listen "What the Baker Hughes-Adnoc partnership means"

Episode Synopsis

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 to 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.