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Latest Press Releases

UAE and Germany Deepen Energy Ties as German Chancellor Visits ADNOC HQ

Chancellor of the Federal Republic of Germany, His Excellency Friedrich Merz, today, visited ADNOC’s Headquarters during his official visit to the UAE. The visit builds on the €14.7 billion investment to support Covestro’s long-term growth as a German industrial champion by XRG, ADNOC’s international energy investment company, and underscores ADNOC’s central role in advancing the UAE-Germany strategic energy partnership.

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ADNOC and TAQA Announce 27-Year Utilities Agreement with TA’ZIZ, Enabling World-Scale Chemicals Production at Ruwais

ADNOC and Abu Dhabi National Energy Company PJSC (TAQA), today announced the signing of a 27-year Utilities Purchase Agreement to supply critical utilities to the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi. The duration of the agreement includes the offtake of the utilities and construction of the plant.

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In an Era of Constant Change, Reliable Partnerships are the Real Strategic Reserve: Dr. Sultan Al Jaber

Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, today said reliable partnerships are the real strategic reserve, urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand.

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Feb 03, 2025

TA’ZIZ Announces $1.7 Billion Award to Build First Methanol Plant in the UAE

TA’ZIZ announced today an engineering, procurement and construction (EPC) contract award of $1.7 billion (AED6.2 billion) to SAMSUNG E&A for the construction of one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra region, Abu Dhabi.

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Feb 01, 2025

ADNOC Update on Potential Polyolefin Opportunities

Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) confirms that negotiations with OMV AG (“OMV”) about the potential creation of a new global polyolefins group, through the proposed combination of their existing shareholdings in Borouge plc (“Borouge”) and Borealis AG (“Borealis”) are ongoing in a constructive and positive manner, while contemplating the acquisition of Nova Chemicals Corporation (“Nova”) from Mubadala Investment Company (“Mubadala”) and contribution to the combined entity. The transactions are subject to respective agreements, regulatory approvals and customary conditions.

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Jan 23, 2025

ADNOC Achieves Industry-Leading Carbon Intensity at Shah Oil Field Enabled by AI and Advanced Technologies

ADNOC announced today that its onshore Shah Field has achieved an industry-leading carbon intensity of 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe), setting a benchmark among global oil fields. This milestone achievement underscores ADNOC’s commitment to producing some of the world’s least carbon-intensive oil and gas.

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Jan 22, 2025

Brand Finance Names ADNOC UAE’s Most Valuable Brand for Seventh Consecutive Year at $18.9 Billion

ADNOC has retained its position as the UAE's most valuable brand for an extraordinary seventh consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy.

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Jan 16, 2025

ADNOC and AIQ Successfully Complete Trial Phase of Agentic AI Solution

ADNOC and AIQ announced today the successful proof-of-concept trial of ENERGYai, the world’s first-of-its-kind agentic artificial intelligence (AI) solution tailored for the energy sector. ENERGYai integrates a 70-billion-parameter large language model (LLM) with over 50 years of ADNOC’s knowledge and petabytes of its proprietary data, to drive optimization and efficiency across the company’s operations.

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Dec 16, 2024

ADNOC Signs 15-Year, 0.6 mtpa Sales and Purchase Agreement with EnBW for Ruwais LNG Project

ADNOC announced today it has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe. The 15-year SPA for supplying 0.6 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and EnBW into a definitive agreement.

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Dec 06, 2024

ADNOC Partners with Local and Federal Entities to Boost Local Manufacturing Capabilities

ADNOC has signed a Strategic Collaboration Agreement (SCA) with the Ministry of Industry and Advanced Technology (MoIAT), Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi Investment Office (ADIO), and Abu Dhabi Chamber of Commerce and Industry (ADDCI), aimed at boosting local manufacturing capabilities.

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Dec 05, 2024

ADNOC Signs 15-Year, 1 mtpa Sales and Purchase Agreement with PETRONAS for Ruwais LNG Project

ADNOC announced today it has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s PETRONAS. The 15-year SPA for supplying 1 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and PETRONAS into a definitive agreement.

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Nov 27, 2024

UAE President Chairs ADNOC Board of Directors Meeting

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors.

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Nov 27, 2024

ADNOC LAUNCHES XRG: AN $80+ BILLION LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT POWERHOUSE

Following the Board’s strategic endorsement, ADNOC today announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion.

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