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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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