The Abu Dhabi National Oil Company (Adnoc) is exploring the possibility of listing its international investment arm, XRG, on an exchange outside of the UAE. The company, established recently, is considering a minority stake listing, which could potentially lead to one of the largest listed energy companies globally. Adnoc is looking at London or New York exchanges for the flotation of XRG shares. London, in particular, is seen as an attractive venue due to its association with major oil and gas companies like Shell and BP. The move is part of Adnoc's broader strategy to diversify its energy portfolio and reduce reliance on oil exports. XRG aims to pursue global deals in chemicals, natural gas, and renewables. Adnoc's ambitious plans are supported by UAE President Sheikh Mohamed bin Zayed Al Nahyan, who chairs the board and has approved a significant investment of $150 billion for international growth. The company is also focusing on low carbon solutions and international expansion. Adnoc's recent acquisitions and investments include partnerships with OMV, Covestro, and involvement in projects like the Rio Grande LNG export facility and an ExxonMobil Texas hydrogen project. The potential listing of XRG signifies Adnoc's strategic shift towards a more global presence and diversified energy investments.