Abu Dhabi National Energy Co. is considering all options for its oil and gas assets, including a potential sale, as the state-owned utility focuses on growing its utilities business.

　　The business includes onshore and offshore exploration, and spans the U.K., Canada, the Netherlands, and Iraq’s Kurdistan region. “All options will be considered, including the sale of some or all the assets, or the retention and development of the assets,” the company, also known as Taqa, said on Wednesday.

　　The firm’s oil and gas business has struggled because of last year’s coronavirus-triggered slump in commodity prices and the portfolio could be worth substantially less than the billions of dollars it spent to build it, Bloomberg reported earlier this year.

　　In the first half of 2021, production across the portfolio totaled more than 124,000 barrels of oil equivalent per day and generated revenue of 3.4 billion dirhams ($937 million), Taqa said.

　　The company has a monopoly on power and water distribution in Abu Dhabi, capital of the oil-rich United Arab Emirates.?