What is XRG? Inside Abu Dhabi’s $150-billion bet on energy, chemicals and AI

XRG is still a relatively new name in Abu Dhabi. Adnoc launched XRG in November 2024 with an enterprise value of more than $80 billion and a mandate to accelerate its international expansion. Today, XRG describes itself as Adnoc’s international investment company and says its valuation exceeds $150 billion, with investments across natural gas, chemicals and energy solutions.What is less obvious is why those businesses belong together. A gas project in the US, an ammonia producer, a German advanc...

This story was originally reported by Khaleej Times. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.