Al-Arabiya | Abu Dhabi to Combine Two Offshore Oil Units After Price Drop Bloomberg Abu Dhabi, holder of about 6 percent of global oil reserves, is reining in spending as the decline in oil prices slows economic growth and plans to cut costs by combining its two biggest banks and merging two of its largest sovereign investment funds, ... UAE's ADNOC says to consolidate two key offshore oil firms UAE's ADNOC to consolidate two key offshore oil firms UAE's ADNOC to consolidate offshore oil firms |