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Latest Press Releases

Khaled bin Mohamed bin Zayed Chairs Meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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ADNOC Fully Redeems Exchangeable Bonds in ADNOC Distribution

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirms that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). ADNOC paid Bondholders a total amount of $1.199 billion in cash on June 4, 2024, retaining full ownership of the underlying ADNOC Distribution shares.

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ADNOC Awards 3% Interest in SARB and Umm Lulu Concession to SOCAR

ADNOC announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain.

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Jun 12, 2024

Khaled bin Mohamed bin Zayed Chairs Meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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Jun 10, 2024

ADNOC Fully Redeems Exchangeable Bonds in ADNOC Distribution

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirms that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). ADNOC paid Bondholders a total amount of $1.199 billion in cash on June 4, 2024, retaining full ownership of the underlying ADNOC Distribution shares.

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May 31, 2024

ADNOC Awards 3% Interest in SARB and Umm Lulu Concession to SOCAR

ADNOC announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain.

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May 30, 2024

TA’ZIZ Signs Land Reservation Agreements with UAE and International Companies for Light Industrial Area

TA’ZIZ, a chemicals and industrial ecosystem under development in Al Ruwais Industrial City, Abu Dhabi, announced today the signing of 31 land reservation agreements with tenants for its Light Industrial Area.

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May 28, 2024

TA’ZIZ Awards Construction Contract for Low-Carbon Ammonia Plant

TA’ZIZ, a chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Abu Dhabi, announced today at the Make it in the Emirates forum, the award of a construction contract for its 1 million tons per annum (mtpa) low-carbon ammonia production facility. Fertiglobe, a partner of TA’ZIZ, Mitsui & Co., Ltd. and GS Energy Corporation, awarded the construction contract to Tecnimont S.p.A (MAIRE Group).

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May 27, 2024

ADNOC Boosts Local Manufacturing Target to AED90 Billion by 2030 to Propel UAE’s Economic Diversification

ADNOC announced today at the ‘Make it in the Emirates’ forum an increase in its local manufacturing target for critical industrial products in its procurement pipeline to AED90 billion ($24.5 billion) by 2030 to propel UAE’s economic diversification, strengthen the industrial sector and expand local manufacturing capabilities.

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May 22, 2024

ADNOC to Acquire 10% Equity Stake in Major LNG Development in Mozambique

ADNOC announced today the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, marking a major milestone in the company’s international growth strategy. The acquisition will entitle ADNOC to a share of the liquefied natural gas (LNG) production from the concession, which has a combined production capacity exceeding 25 million tonnes per annum (mtpa).

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May 20, 2024

ADNOC Secures Equity Position and LNG Offtake Agreement in NextDecades Rio Grande LNG Project

ADNOC announced today the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (NextDecade) (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a leading liquefied natural gas (LNG) export project located in Texas, United States (US), which is expected to produce a less carbon-intensive LNG. Additionally, ADNOC and NextDecade announced that they have entered into a 20-year LNG offtake agreement from RGLNG Train 4.

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May 14, 2024

ADNOC Delivers First Ever Bulk Shipment of CCS-Enabled Certified Low-Carbon Ammonia to Japan

ADNOC has delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co., Ltd. (Mitsui) for use in clean-power generation in Japan. The low-carbon certification process, from production to delivery, has been conducted by TÜV SÜD, an internationally renowned certification agency.

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May 08, 2024

ADNOC Signs Third Long-Term Heads of Agreement for Ruwais LNG Project

ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with EnBW Energie Baden-Württemberg AG (EnBW), one of the largest energy companies in Germany, for the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

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