Abu Dhabi’s Adnoc to seek up to $2b with IPO of unit

An employee uses a fuel pump to fill a customer's vehicle with unleaded petrol in Dubai, United Arab Emirates. Photographer: Gabriela Maj/Bloomberg

Abu Dhabi National Oil Co. may raise $2 billion from the initial public offering of its fuel-retailing unit in an IPO that could be the biggest in the United Arab Emirates in 10 years.

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