ADNOC Market Research Report
Company Overview
Name, Mission of the Company
- Name: Abu Dhabi National Oil Company (ADNOC)
- Mission: To harness UAE’s natural resources effectively in service of the nation, while making today’s energy cleaner and investing in the clean energies of tomorrow.
Foundation and Founders
- Founded: 1971
- Founder: Established by the late Sheikh Zayed bin Sultan Al Nahyan
Key People
- CEO & MD: H. E. Dr. Sultan Ahmed Al Jaber
- Key Executives:
- Mr. Abdulmunim Saif Al Kindy: Executive Director, Upstream Directorate
- Mr. Khaled Salmeen: Executive Director, Downstream Industry, Marketing & Trading Directorate
- Mr. Yaser Saeed Almazrouei: Executive Director, People, Commercial & Corporate Support Directorate
- Mr. Musabbeh Al Kaabi: Executive Director, Low-Carbon Solutions & International Growth Directorate
- Dr. Abdulla Humaid Al Jarwan: Director, The Executive Office Directorate
- Dr. Saleh Alhashmi: Director, Commercial & In-Country Value Directorate
- Mr. Khaled AlAlkeem Al Zaabi: Group Chief Financial Officer
- Mr. Marwan Naim Nijmeh: Group Chief Legal Officer
- Mr. Ahmed Abujarad: Group Chief Audit & Assurance Officer
- Mr. Amir Nabil Gerges: Chief Health, Safety & Environment Officer
Headquarters
- Location: ADNOC HQ, P.O. Box 898, Corniche Road West, Abu Dhabi, UAE
Number of Employees
- No information is available
Revenue
- No information is available
Expertise
- Known for being a leading diversified energy and petrochemicals group with low carbon intensity in oil and gas production, significant investments in new energies, and commitment to sustainable practices across operations.
Products
Product Offerings
1. Oil and Gas
- Murban Crude: Light sweet crude oil known for its quality.
- Natural Gas & LNG: Supply up to 60% of UAE’s gas needs and exports globally.
2. Refined Products
- ADbase: High-quality Group III base oils.
- Jet A-1: High-quality aviation fuel.
3. Petrochemicals
- Polyolefins: Polyethylene and polypropylene for various industries.
4. Specialty Products
- Carbon Black, Calcined Petroleum Coke: Used for manufacturing high-quality products.
- Liquefied Petroleum Gas (LPG): Used for non-energy related purposes.
Key Features
- ADbase:
- High-quality Group III base oil.
- Used by leading lubricant manufacturers.
- Jet A-1:
- High-quality aviation fuel.
- Major supplier in Europe and UAE.
Recent Developments
New Partnerships
1. Low-Carbon Hydrogen Facility:
- Agreement with ExxonMobil to develop world’s largest low-carbon hydrogen and ammonia production facility in Baytown, Texas.
- Facility to produce virtually carbon-free hydrogen with ~98% CO2 removal.
2. Strategic Engagements:
- Joint Study and Development Agreement with PETRONAS and Storegga for offshore carbon capture and storage in Malaysia.
- Collaborative agreement with Nafis to create 13,500 new private sector jobs by 2028 in advanced sectors including AI and manufacturing.
New Products and Technologies
1. AIQ’s Robotics and AI Solutions:
- Deployment of AI-enabled process optimization technology, Neuron 5.
- Innovative AI solutions (RoboWell) deployed for offshore and onshore operations to enhance efficiency and reduce emissions.
2. New LNG Supply Agreements:
- Signing of long-term LNG supply commitments with Japan’s Osaka Gas and partnerships with Shell and Mitsui & Co. for Ruwais LNG project.
- Focus on large-scale, low-carbon LNG facilities powered by clean energy.
Sustainability Initiatives
- Carbon Capture Utilization and Storage (CCUS) Projects:
- Piloting technology to extract CO2 from the air and turn it into rock.
- Aim to decarbonize energy production and emission reduction through innovative carbon capture technologies.
- Mangrove Project:
- Initiative to plant 10 million mangroves by 2030 to absorb CO2 and prevent coastal erosion.
- Clean Grid Power:
- Use of zero carbon nuclear and solar energy for 100% onshore electricity needs.
Contact Information
- Address:
- ADNOC HQ, P.O. Box 898, Corniche Road West, Abu Dhabi, UAE
- Phone:
- Tel: +971 2 7070000
- Fax: +971 2 6023389 | +971 2 7071334
This report utilizes publicly disclosed data and covers the essential aspects as requested. For more detailed financial figures or specific data, direct resources from ADNOC's corporate communications or financial reports will be necessary.
