Nov 27 (Reuters) - ABU DHABI NATIONAL OIL CO :
* LAUNCHES XRG, A LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT COMPANY
* LAUNCHES XRG: AN $80+ BILLION LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT POWERHOUSE
* BOARD ENDORSES TARGET TO DRIVE AED 200 BILLION INTO UAE ECONOMY OVER NEXT 5 YEARs THROUGH ADNOC'S ICV PROGRAM
* XRG WILL INITIALLY FOCUS ON TRANSFORMATIONAL GLOBAL INVESTMENTS
* XRG WILL FORMALLY COMMENCE ACTIVITIES IN Q1 2025
* XRG AIMS TO MORE THAN DOUBLE ITS ASSET VALUE OVER THE NEXT DECADE
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