Petrofac announces improved results as Adnoc suspension ends


Issue 1144 - 23 Mar 2022 | 2 minute read

Petrofac’s Sami Iskander was in buoyant mood as the London Stock Exchange-listed contractor released 2021 results days after Abu Dhabi National Oil Company (Adnoc) lifted its suspension from bidding for contracts, which had been imposed a year earlier as the extent of Petrofac’s governance problems emerged.

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