4.85m barrels capacity of oil per day
11.5bcf of natural gas per day
Our 2030 Sustainability Strategy test
Our 2030 Sustainability Strategy test
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
We adopt a proactive and adaptive marketing model and are developing new trading capabilities to better meet the growing demand for oil, gas and refined products around the world.
Abu Dhabi National Oil Company (ADNOC) today announced that it has successfully completed a placement to institutional investors of c.222 million shares in ADNOC Logistics & Services plc (“ADNOC L&S” or the “Company”), representing approximately 3% of the Company’s issued share capital. The Offering highlights ADNOC’s continued focus on driving long-term shareholder value and execution of its strategy to achieve MSCI index inclusion for its listed companies. The transaction improves the liquidity in ADNOC L&S’s shares by increasing its free float to c.22% and further diversifies the Company’s investor base. The offering is expected to pave the way for potential MSCI indexation, increasing international and domestic investor awareness of ADNOC L&S’s differentiated proposition as leader in global energy maritime logistics.
ADNOC announced today it has signed a 15-year Sales and Purchase Agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) sourced primarily from ADNOC’s lower-carbon Ruwais LNG project.
ADNOC and Emirates Global Aluminium (EGA) announced today a five-year supply agreement for up to 1.5 million tonnes of calcined petroleum coke (petcoke), a key raw material used in aluminum production. The agreement, valued at $500 million (AED1.84 billion), was signed during the ‘Make it in the Emirates’ event currently taking place in Abu Dhabi, underscoring ADNOC’s commitment to supporting the UAE’s industrial growth and enhancing local supply chains.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, visited ADNOC Gas’ Habshan 5 gas processing facility, part of the Habshan Industrial Complex, for an Iftar gathering with ADNOC employees. His visit recognized the critical role of the Habshan team in delivering ADNOC’s strategic objectives while marking the UAE’s Year of Community – an initiative dedicated to strengthening social bonds and driving collective progress under the theme “Hand in Hand”.
Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (ADNOC) and OMV Aktiengesellschaft (OMV) have agreed terms of a binding Framework Agreement (the Agreement) regarding the proposed combination of shareholdings in Borouge plc (Borouge) and Borealis AG (Borealis) (the Combination).