Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


LONDON (Reuters) – The trading arm of Abu Dhabi National Oil Co (ADNOC) is set to open an office in Geneva next year and a representative office in London, four sources familiar with the matter said.

ADNOC declined to comment. It has been building up a trading division since 2018 and counts two divisions – a joint venture with ENI and OMV to cover physical crude and products, the other to follow paper markets.

Two of the sources specified that the process of setting up the Geneva office was already in motion, with the trading desk due to go live around May next year.

It’s part of a growth effort to expand operations on major trading hubs,” a fourth source with knowledge of the matter said.

ADNOC has also held early talks to acquire or take a stake in Swiss energy trader Gunvor Group.


(Reporting by Julia Payne; Additional reporting by Maha El Dahan in Dubai; Editing by Jan Harvey)


Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts