Abu Dhabi National Oil Company
{{Short description|UAE state-owned oil company}}
{{Use mdy dates|date=October 2021}}
{{Infobox company
| name = Abu Dhabi National Oil Company
| native_name = شركة بترول أبو ظبي الوطنية
| native_name_lang = ar
| logo = Abu Dhabi National Oil Company logo.svg
| logo_caption =
| logo_size = 150px
| image = Abu Dhabi, ADNOC Headquarters.jpg
| image_caption = Headquarters in Abu Dhabi
| type = Government owned corporation
| predecessor =
| successor =
| defunct =
| fate =
| area_served =
| key_people = {{ubl|Mohamed bin Zayed Al Nahyan (chairman of the Supreme Petroleum Council)|Sultan Ahmed Al Jaber (Director-General & CEO)}}
| industry = Oil and gas industry
| products = Petroleum
Oil products
Natural gas
Petrochemicals
| services =
| revenue =
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| net_income =
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| assets =
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| parent =
| divisions =
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| homepage = {{URL|https://www.adnoc.ae/}}
| caption =
| foundation = {{start date and age|1971}}
| location_city = Abu Dhabi
| location_country = United Arab Emirates
| location = Abu Dhabi
| locations =
| footnote =
}}
The Abu Dhabi National Oil Company ({{langx|ar|شركة بترول أبو ظبي الوطنية}}), known by its acronym ADNOC, is the state-owned oil company of Abu Dhabi, United Arab Emirates.
It is the world's 12th largest oil company by production.{{cite web|title=Adnoc among top 10 oil and gas firms worldwide, new ranking finds|url=https://www.thenationalnews.com/business/energy/adnoc-among-top-10-oil-and-gas-firms-worldwide-new-ranking-finds-1.809473|access-date=December 2, 2020|website=The National|date=January 5, 2019|language=en|archive-date=May 21, 2021|archive-url=https://web.archive.org/web/20210521152619/https://www.thenationalnews.com/business/energy/adnoc-among-top-10-oil-and-gas-firms-worldwide-new-ranking-finds-1.809473|url-status=live}} As of 2021, the company has an oil production capacity exceeding 4 million bpd with plans to increase to 5 million bpd by 2030.{{cite web|url=https://www.spglobal.com/platts/en/market-insights/latest-news/oil/052521-adnoc-awards-744-mil-contract-to-develop-offshore-block-amid-oil-capacity-boost|title=ADNOC awards $744 mil contract to develop offshore block amid oil capacity boost|publisher=S&P Global|date=May 25, 2021|access-date=October 16, 2021|archive-date=May 25, 2021|archive-url=https://web.archive.org/web/20210525074256/https://www.spglobal.com/platts/en/market-insights/latest-news/oil/052521-adnoc-awards-744-mil-contract-to-develop-offshore-block-amid-oil-capacity-boost|url-status=live}}{{Cite news|last1=Raval|first1=Anjli|last2=Kerr|first2=Simeon|date=January 18, 2021|title=Adnoc defies retreat from oil with push to pump up output|work=Financial Times|url=https://www.ft.com/content/b13efad3-f494-46a8-842c-ccf7124ad43d|access-date=October 16, 2021|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016200755/https://www.ft.com/content/b13efad3-f494-46a8-842c-ccf7124ad43d|url-status=live}} It is the United Arab Emirate's largest oil company.{{cite web | url=http://oilprice.com/Latest-Energy-News/World-News/UAE-Approves-ADNOC-Plan-To-Raise-Oil-Output-To-35M-Bpd-By-2018.html | title=UAE Approves ADNOC Plan to Raise Oil Output to 3.5M BPD by 2018 | access-date=December 5, 2016 | archive-date=December 12, 2016 | archive-url=https://web.archive.org/web/20161212175207/http://oilprice.com/Latest-Energy-News/World-News/UAE-Approves-ADNOC-Plan-To-Raise-Oil-Output-To-35M-Bpd-By-2018.html | url-status=live }}{{cite web|last=Jessy|first=Raggie|date=December 1, 2019|title=Agong visits UAE's largest oil company in Abu Dhabi|url=https://www.thethirdforce.net/agong-uaes-largest-oil-company-in-abu-dhabi/|access-date=December 2, 2020|website=The Third Force|language=en-US|archive-date=December 25, 2019|archive-url=https://web.archive.org/web/20191225041904/https://www.thethirdforce.net/agong-uaes-largest-oil-company-in-abu-dhabi/|url-status=live}}{{cite web|title=Who We Are|url=https://www.adnoc.ae/en/about-us/who-we-are|access-date=December 2, 2020|website=www.adnoc.ae|language=en|archive-date=June 13, 2020|archive-url=https://web.archive.org/web/20200613174111/https://www.adnoc.ae/en/about-us/who-we-are|url-status=live}}
ADNOC's output was roughly flat at about 2.5 million barrels per day during the 1990s. It stood at 2.9 mbpd in 2008. Although its financial indicators are difficult to assess as the company has been described as secretive, it has also been described as efficient and well managed.{{Citation|last1=Rai|first1=Varun|title=Awakening giant: strategy and performance of the Abu Dhabi National Oil Company (ADNOC)|date=2011|url=https://www.cambridge.org/core/books/oil-and-governance/awakening-giant-strategy-and-performance-of-the-abu-dhabi-national-oil-company-adnoc/B6C470576A2FFDED70B60267FCD41673|work=Oil and Governance: State-Owned Enterprises and the World Energy Supply|pages=478–514|editor-last=Victor|editor-first=David G.|publisher=Cambridge University Press|isbn=978-0-511-78405-7|last2=Victor|first2=David G.|editor2-last=Hults|editor2-first=David R.|editor3-last=Thurber|editor3-first=Mark C.|access-date=October 16, 2021|archive-date=June 11, 2018|archive-url=https://web.archive.org/web/20180611173041/https://www.cambridge.org/core/books/oil-and-governance/awakening-giant-strategy-and-performance-of-the-abu-dhabi-national-oil-company-adnoc/B6C470576A2FFDED70B60267FCD41673|url-status=live}}
ADNOC is one of few oil companies in the world to make a substantial investment to increase oil production amid growing pressure to reduce output due to climate change.{{Cite news|last=Reed|first=Stanley|date=2021-10-30|title=A Major Persian Gulf Oil Producer Tries to Burnish Its Climate Credentials|language=en-US|work=The New York Times|url=https://www.nytimes.com/2021/10/30/business/uae-net-zero-cop26.html|access-date=2021-10-31|issn=0362-4331|archive-date=October 31, 2021|archive-url=https://web.archive.org/web/20211031140751/https://www.nytimes.com/2021/10/30/business/uae-net-zero-cop26.html|url-status=live}}
History
In November 2019, ADNOC received approval from the emirate's Supreme Petroleum Council to list its flagship Murban crude oil as a futures contract on an international stock exchange. Murban is a highly prized grade of crude oil that accounts for about half of the UAE's total oil output of about 3 million barrels per day.{{cite web|date=November 4, 2019|title=ADNOC gets go-ahead for Murban futures and major boost in oil/gas reserves {{!}} S&P Global Platts|url=https://www.spglobal.com/platts/en/market-insights/latest-news/oil/110419-adnoc-gets-go-ahead-for-murban-futures-and-major-boost-in-oil-gas-reserves|access-date=December 13, 2020|website=www.spglobal.com|language=en|archive-date=January 16, 2022|archive-url=https://web.archive.org/web/20220116082500/https://www.spglobal.com/platts/en/market-insights/latest-news/oil/110419-adnoc-gets-go-ahead-for-murban-futures-and-major-boost-in-oil-gas-reserves|url-status=live}}
A joint venture between ADNOC and the Abu Dhabi Developmental Holding Company (ADQ) was launched in July 2020 to invest in chemicals projects in the planned Ruwais Derivatives Park. ADNOC will have a 60% stake while ADQ will hold a 40% share.{{Cite news|date=July 22, 2020|title=UAE's ADNOC and ADQ form JV to invest in chemical projects|language=en|work=Reuters|url=https://www.reuters.com/article/us-emirates-adnoc-adq-idUSKCN24N0ST|access-date=December 13, 2020|archive-date=July 24, 2020|archive-url=https://web.archive.org/web/20200724183949/https://www.reuters.com/article/us-emirates-adnoc-adq-idUSKCN24N0ST|url-status=live}}
In December 2021, ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) announced a $3.6 billion project to aim to reduce the carbon footprint of ADNOC's offshore production operations by more than 30%.{{cite news| url = https://www.reuters.com/world/middle-east/uaes-adnoc-taqa-36-bln-project-slash-offshore-carbon-footprint-2021-12-22/| title = UAE's ADNOC, TAQA in $3.6 bln project to slash offshore carbon footprint| newspaper = Reuters| date = December 22, 2021| access-date = December 24, 2021| archive-date = December 24, 2021| archive-url = https://web.archive.org/web/20211224062647/https://www.reuters.com/world/middle-east/uaes-adnoc-taqa-36-bln-project-slash-offshore-carbon-footprint-2021-12-22/| url-status = live}}
In December 2022, it was announced ADNOC had acquired a 24.9% stake in Austrian integrated oil, gas, and petrochemical company, OMV.{{Cite web |title=ADNOC to acquire 24.9% stake in Austrian oil and gas company OMV |date=December 22, 2022 |url=https://www.nsenergybusiness.com/news/adnoc-to-acquire-24-9-stake-in-austrian-oil-and-gas-company-omv/ |access-date=2022-12-22 |language=en-US |archive-date=December 22, 2022 |archive-url=https://web.archive.org/web/20221222130407/https://www.nsenergybusiness.com/news/adnoc-to-acquire-24-9-stake-in-austrian-oil-and-gas-company-omv/ |url-status=live }}
In December 2023, ADNOC agreed to acquire OCI's entire stake in ammonia and urea producer Fertiglobe for $3.62 billion.{{Cite web |date=2023-12-17 |title=Abu Dhabi's ADNOC acquires stake for $3.6b |url=https://tribune.com.pk/story/2450249/abu-dhabis-adnoc-acquires-stake-for-36b |access-date=2023-12-19 |website=The Express Tribune |language=en}}
Operations
As of November 2019, the UAE holds the sixth-largest proven reserves of oil in the world at 105 billion barrels.{{cite web|title=7 billion barrels of oil found in new Abu Dhabi reserves, UAE in sixth position in global oil reserves|url=https://gulfnews.com/business/energy/7-billion-barrels-of-oil-found-in-new-abu-dhabi-reserves-uae-in-sixth-position-in-global-oil-reserves-1.67603727|access-date=December 2, 2020|website=gulfnews.com|date=November 4, 2019 |language=en|archive-date=October 22, 2020|archive-url=https://web.archive.org/web/20201022202719/https://gulfnews.com/business/energy/7-billion-barrels-of-oil-found-in-new-abu-dhabi-reserves-uae-in-sixth-position-in-global-oil-reserves-1.67603727|url-status=live}} Most of these reserves are located in Abu Dhabi.[https://www.eia.gov/beta/international/analysis_includes/countries_long/United_Arab_Emirates/uae.pdf Country Analysis Brief] {{Webarchive|url=https://web.archive.org/web/20190511193259/https://www.eia.gov/beta/international/analysis_includes/countries_long/United_Arab_Emirates/uae.pdf |date=May 11, 2019 }} Energy Information Administration
ADNOC is one of the world's largest energy companies measured by both reserves and production. ADNOC has 16 subsidiary companies in upstream, midstream, and downstream stages of production.{{Cite news|url=https://www.thenational.ae/business/energy/adnoc-puts-almost-all-of-its-subsidiaries-under-single-unified-brand-1.667315|title=Adnoc puts almost all of its subsidiaries under single unified brand|work=The National|access-date=January 21, 2018|language=en|archive-date=January 22, 2018|archive-url=https://web.archive.org/web/20180122072229/https://www.thenational.ae/business/energy/adnoc-puts-almost-all-of-its-subsidiaries-under-single-unified-brand-1.667315|url-status=live}} ADNOC develops both onshore and offshore gas fields. The company operates two oil refineries, Ruwais Refinery and Umm Al Nar. ADNOC exports natural gas in the form of liquefied natural gas (LNG) in addition to producing supplies for local electricity and water utilities, to other domestic industries including petrochemicals plants, and for re-injection into reservoirs.{{cite web|title=Exploration and Production|url=https://www.adnoc.ae/en/our-business/exploration-and-production|access-date=December 2, 2020|website=www.adnoc.ae|language=en|archive-date=December 2, 2020|archive-url=https://web.archive.org/web/20201202090627/https://adnoc.ae/en/our-business/exploration-and-production|url-status=live}}{{cite web|title=Marketing & Distribution|url=https://www.adnoc.ae/en/our-business/marketing-and-distribution|access-date=December 2, 2020|website=www.adnoc.ae|language=en|archive-date=December 2, 2020|archive-url=https://web.archive.org/web/20201202083107/https://adnoc.ae/en/our-business/marketing-and-distribution|url-status=live}}{{cite web|title=Processing, Refining and Chemicals|url=https://www.adnoc.ae/en/our-business/processing-and-refining|access-date=December 2, 2020|website=www.adnoc.ae|language=en|archive-date=August 10, 2020|archive-url=https://web.archive.org/web/20200810054643/https://adnoc.ae/en/our-business/processing-and-refining/|url-status=live}}
= Foreign direct investment =
Major investments were made to ADNOC in 2019 by US asset managers BlackRock and KKR and Italian investment firm Eni. The US firms acquired about 40% of ADNOC's pipeline assets for about $4 billion while Eni SpA took a 20% stake in Abu Dhabi Oil Refining Company for over $3 billion.{{cite web|last=Abbas|first=Waheed|title=UAE becomes largest FDI recipient in the Middle East|url=https://www.khaleejtimes.com/business/economy/uae-becomes-largest-fdi-recipient-in-the-middle-east|access-date=December 20, 2020|website=Khaleej Times|language=en|archive-date=July 16, 2020|archive-url=https://web.archive.org/web/20200716035655/https://www.khaleejtimes.com/business/economy/uae-becomes-largest-fdi-recipient-in-the-middle-east|url-status=live}} Austria's OMV also invested about $2.8 billion, about 15% in ADNOC's refining business in partnership with Eni.{{Cite news|date=January 15, 2020|title=Factbox: Abu Dhabi's ADNOC attracts billions from foreign investors|language=de|work=Reuters|url=https://de.reuters.com/article/us-emirates-adnoc-strategy-factbox-idINKBN1ZE16Z|access-date=December 20, 2020}} {{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}{{cite web|title=Adnoc closes refining deal with Eni and OMV and establishes trading joint venture|url=https://www.thenationalnews.com/business/energy/adnoc-closes-refining-deal-with-eni-and-omv-and-establishes-trading-joint-venture-1.892947|access-date=December 20, 2020|website=The National|date=July 31, 2019|language=en|archive-date=November 24, 2020|archive-url=https://web.archive.org/web/20201124121102/https://www.thenationalnews.com/business/energy/adnoc-closes-refining-deal-with-eni-and-omv-and-establishes-trading-joint-venture-1.892947|url-status=live}}
Singapore's sovereign wealth fund GIC completed a deal with ADNOC in May 2019 that gives GIC a 6% share in ADNOC's pipeline infrastructure. The deal is valued at $600 million.{{Cite news|date=September 4, 2019|title=UAE's ADNOC signs $600 million agreement with Singapore's GIC|language=en|work=Reuters|url=https://www.reuters.com/article/us-adnoc-gic-infrastructure-idUSKCN1VP0M6|access-date=December 20, 2020|archive-date=September 24, 2019|archive-url=https://web.archive.org/web/20190924143436/https://www.reuters.com/article/us-adnoc-gic-infrastructure-idUSKCN1VP0M6|url-status=live}}
=Headquarters=
ADNOC Headquarters is a skyscraper office complex located in Abu Dhabi.{{cite web|url= http://skyscrapercenter.com/building/adnoc-headquarters/8763/|title= ADNOC Headquarters|access-date= March 31, 2013|work= The Skyscraper Center|publisher= Council on Tall Buildings and Urban Habitat|archive-date= January 2, 2015|archive-url= https://web.archive.org/web/20150102232137/http://www.skyscrapercenter.com/building/adnoc-headquarters/8763|url-status= live}} The building incorporates energy efficiency and sustainable engineering technologies, such as a double skin façade, photovoltaic glazing, LED exterior lighting. Designed by HOK, the overall building complex consisting of more than 65 floors with an office tower, corniche club, crisis management center, a heritage museum, and other support facilities was opened in 2001.{{cite web|url= http://bspace.buid.ac.ae/bitstream/1234/145/3/20%20Thesis%20Body.pdf|access-date= November 3, 2015|title= Double Facade Study - Thesis|archive-date= March 5, 2016|archive-url= https://web.archive.org/web/20160305041856/http://bspace.buid.ac.ae/bitstream/1234/145/3/20%20Thesis%20Body.pdf|url-status= live}}
= Abu Dhabi Marathon =
ADNOC is the title sponsor of the ADNOC Abu Dhabi Marathon held annually in mid-December. The marathon usually begins and ends at the ADNOC Group headquarters, situated on the iconic Corniche Road in Abu Dhabi City.
Leadership and corporate governance
File:Sultan Al Jaber.jpg, director general and CEO of ADNOC Group.]]
=Sultan Ahmed Al Jaber=
{{main | Sultan Al Jaber}}
Sultan Ahmed Al Jaber is the Minister of Industry and Advanced Technology in the United Arab Emirates,{{cite web|last=John|first=Issac|title=Al Jaber calls for concerted efforts to speed up 4IR transition|url=https://www.khaleejtimes.com/business/local/al-jaber-calls-for-concerted-efforts-to-speed-up-4ir-transition|access-date=December 2, 2020|website=Khaleej Times|language=en|archive-date=January 16, 2021|archive-url=https://web.archive.org/web/20210116052830/https://www.khaleejtimes.com/business/local/al-jaber-calls-for-concerted-efforts-to-speed-up-4ir-transition|url-status=live}} CEO of the Abu Dhabi National Oil Company,{{cite news|date=May 15, 2020|title=ADNOC CEO reveals 'cautious optimism' in oil markets|url=https://www.arabianbusiness.com/446765-adnoc-ceo-reveals-cautious-optimism-in-oil-markets|access-date=December 2, 2020|website=Arabian Business|archive-date=January 28, 2021|archive-url=https://web.archive.org/web/20210128073009/https://www.arabianbusiness.com/446765-adnoc-ceo-reveals-cautious-optimism-in-oil-markets|url-status=live}} UAE special envoy for climate change,{{cite web | title=UAE cabinet approves new cybersecurity body, climate change envoy | website=U.S. | date=2020-11-29 | url=https://www.reuters.com/article/emirates-politics-cabinet-idINS8N2GL02G | access-date=2023-08-17}} and head of the COP28 climate summit.{{cite web | last=McGrath | first=Matt | title=Climate change: UAE names oil chief to lead COP28 talks | website=BBC News | date=2023-01-12 | url=https://www.bbc.com/news/science-environment-64240206 | access-date=2023-08-17}} Under Al Jaber's leadership, ADNOC has invested in renewable energy and carbon capture,{{cite news |last1=Wang |first1=Herman |date=26 October 2021 |title=ADNOC aims to decarbonize operations with solar, nuclear power supply deal |publisher=S&P Global |url=https://www.spglobal.com/platts/en/market-insights/latest-news/energy-transition/102621-adnoc-aims-to-decarbonize-operations-with-solar-nuclear-power-supply-deal}}{{cite news |last1=Pike |first1=Christopher |date=22 December 2021 |title=UAE's ADNOC, TAQA in $3.6 bln project to slash offshore carbon footprint |publisher=Reuters |url=https://www.reuters.com/world/middle-east/uaes-adnoc-taqa-36-bln-project-slash-offshore-carbon-footprint-2021-12-22/}} while also expanding its carbon business against trends in the industry, and with investments in carbon outstripping those in renewables.{{cite web | first1=Anjli|last1=Raval|first2=Simeon|last2=Kerr| title=Adnoc defies retreat from oil with push to pump up output | website=Financial Times | date=2021-01-18 | url=https://www.ft.com/content/b13efad3-f494-46a8-842c-ccf7124ad43d | access-date=2023-08-17}}{{cite web | first1=Ivan|last1=Levingston|first2=David|last2=Sheppard|first3=Andrew|last3=England|title=Abu Dhabi oil giant builds internal 'investment bank' to chase $50bn in global deals | website=Financial Times | date=2023-08-09 | url=https://www.ft.com/content/f9f2676b-db78-4e7c-88d6-22e32c849687 | access-date=2023-08-17}} Sultan is also the president of the climate change conference cop 28 which is being held in Dubai, UAE. Him and the UAE have come under fire for greenwashing.{{Cite news |last=Gatten |first=Emma |date=2023-11-30 |title=UAE's Cop28 has 'biggest carbon footprint' of any climate summit |language=en-GB |work=The Telegraph |url=https://www.telegraph.co.uk/world-news/2023/11/30/uae-cop-has-biggest-carbon-footprint-of-any-climate-summit/ |access-date=2023-12-08 |issn=0307-1235}}{{Cite news |last=Volcovici |first=Valerie |date=2023-12-04 |title=Al Gore slams COP28 climate summit host UAE, says its emissions soared |language=en |work=Reuters |url=https://www.reuters.com/business/environment/al-gore-slams-cop28-climate-summit-host-uae-says-its-emissions-soared-2023-12-03/ |access-date=2023-12-08}}{{Cite news |last=Stockton |first=Ben |date=2023-05-30 |title=Cop28 president's team accused of Wikipedia 'greenwashing' |language=en-GB |work=The Guardian |url=https://www.theguardian.com/environment/2023/may/30/cop28-president-team-accused-of-wikipedia-greenwashing-sultan-al-jaber |access-date=2023-12-08 |issn=0261-3077}} Following the summit, Al Jaber announced that ADNOC would continue to invest in oil.{{cite web |last=Harvey |first=Fiona |author-link=Fiona Harvey |date=2023-12-15 |title=Cop28 president says his firm will keep investing in oil |url=https://www.theguardian.com/environment/2023/dec/15/cop28-president-sultan-al-jaber-says-his-firm-will-keep-investing-in-oil |access-date=2023-12-15 |website=The Guardian}}
=Supreme Petroleum Council=
{{main|Supreme Petroleum Council}}
The Supreme Petroleum Council is the highest governing body of oil, gas, and similar industry-related activities in the Abu Dhabi. The council was formed in 1988. The council is tasked with supervising all oil and gas companies that operate in Abu Dhabi and the United Arab Emirates and acts as the board of directors for ADNOC.{{cite web|title=Supreme Petroleum Council Approval in Abu Dhabi, SPC Approval in Abu Dhabi|url=https://www.propartnergroup.com/locations/abu-dhabi/supreme-petroleum-council-approval/|access-date=December 28, 2020|website=www.propartnergroup.com|language=en|archive-date=December 3, 2020|archive-url=https://web.archive.org/web/20201203235129/https://www.propartnergroup.com/locations/abu-dhabi/supreme-petroleum-council-approval|url-status=live}}
Operating companies
ADNOC operates numerous companies with different functions, including exploration and production; processing and refining; marketing and distribution.
=Exploration and production of oil and gas=
==ADNOC Onshore==
ADNOC Onshore works onshore and in shallow coastal water. It is previously known as Abu Dhabi Company for Onshore Petroleum Operations, ADCO. ADNOC Onshore operates primarily in Abu Dhabi. The company was originally known as Petroleum Development (Trucial Coast). It received its first concession on January 11, 1939, but did not begin geological operations until after World War II. The first commercially viable oil discovery was made at Bab in 1960. In 1962, the company was renamed the Abu Dhabi Petroleum Company. Exports began to flow from the Jebel Dhanna terminal on December 14, 1963. Abu Dhabi's government acquired 25% equity in the company in 1973 and increased its stake to 60% in 1974. The company started using the name Abu Dhabi Company for Onshore Petroleum Operations, ADCO, in 1978. ADNOC Onshore's primary exports are from the Jebel Dhanna and Fujairah terminals. ADNOC have a 60% share, the remaining 40% is split (CNPC (8%), BP (10%), Total (10%), Inpex (5%), CEFC (4%) and GS Energy of South Korea (3%)).{{cite web|title=ADNOC Group|url=https://www.adnoc.ae/en/adnoc-onshore/who-we-are/about-adnoc-onshore|access-date=December 13, 2020|website=ADNOC|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194244/https://www.adnoc.ae/en/adnoc-onshore/who-we-are/about-adnoc-onshore|url-status=live}}{{Cite book|url=https://books.google.com/books?id=OroATA1gossC&q=ABU+DHABI+NATIONAL+TANKER+COMPANY&pg=PA11|title=The Oil & Gas Year Abu Dhabi 2010|publisher=wildcat publishing|year=2010|isbn=978-1906975180|page=11}} In December 2018 ADNOC transferred China Energy's stake in onshore to China ZhenHua Oil Company, awarding the company a 4% stake.{{cite web|title=Adnoc awards Chinese firm four per cent interest in onshore unit|url=https://www.thenationalnews.com/business/energy/adnoc-awards-chinese-firm-four-per-cent-interest-in-onshore-unit-1.800807|access-date=December 13, 2020|website=The National|date=December 9, 2018|language=en|archive-date=October 22, 2020|archive-url=https://web.archive.org/web/20201022043854/https://www.thenationalnews.com/business/energy/adnoc-awards-chinese-firm-four-per-cent-interest-in-onshore-unit-1.800807|url-status=live}}
== ADNOC Offshore ==
ADNOC Offshore is the largest offshore oil producer in Abu Dhabi. It is ADNOC's dedicated offshore arm and is responsible for the development and delivery of oil and gas resources in Abu Dhabi waters. It was formed through the consolidation of two of ADNOC's upstream oil and gas companies: Abu Dhabi Marine Area Operating Company (ADMA-OPCO) and Zakum Development Company (ZADCO). With reorganisation, and the expiry of the 65-year-old ADMA concessions, the offshore concessions are now split by fields. ADNOC 60% then the 40% is split into Upper Zakum (Exxon / INPEX), (minor fields Umm Al Dalk, Satah (Inpex 40%)), Lower Zakum (TotalEnergies, ENI, ONGC, INPEX), Umm Shaif and Nasr (Total, ENI), Sarb and Umm Lulu (CEPSA, OMV).{{cite web|title=ADNOC Offshore|url=https://www.adnoc.ae/en/adnoc-offshore|access-date=December 13, 2020|website=ADNOC|archive-date=October 19, 2021|archive-url=https://web.archive.org/web/20211019112808/https://www.adnoc.ae/en/adnoc-offshore|url-status=live}}
==ADNOC Drilling==
ADNOC Drilling is ADNOC's oldest subsidiary. It was previously known as National Drilling Company, NDC. ADNOC Drilling is the largest drilling company in the Middle East. It drills for oil both onshore and offshore in Abu Dhabi. ADNOC currently has a 95% equity in ADNOC Drilling{{Cite book|url=https://books.google.com/books?id=OroATA1gossC&q=ABU+DHABI+NATIONAL+TANKER+COMPANY&pg=PA11|title=The Oil & Gas Year Abu Dhabi 2010|publisher=Wildcat |isbn=9781906975180}}{{cite web|url=https://www.adnoc.ae/en/adnoc-drilling|title=ADNOC Drilling|website=www.adnoc.ae|language=en|access-date=January 18, 2018|archive-date=January 19, 2018|archive-url=https://web.archive.org/web/20180119120227/https://www.adnoc.ae/en/adnoc-drilling|url-status=live}} after energy services giant Baker Hughes, acquired a 5% stake (valued around $11 billion or AED40.4 billion) in 2018.{{cite news| url = https://www.bloomberg.com/news/articles/2021-05-04/jpmorgan-fab-poised-to-win-roles-on-ipo-of-adnoc-drilling-unit| title = JPMorgan, FAB Poised to Win Roles on Adnoc Drilling Unit IPO| website = Bloomberg News| date = May 4, 2021| access-date = August 2, 2021| archive-date = August 2, 2021| archive-url = https://web.archive.org/web/20210802110356/https://www.bloomberg.com/news/articles/2021-05-04/jpmorgan-fab-poised-to-win-roles-on-ipo-of-adnoc-drilling-unit| url-status = live}}
In September 2021, ADNOC Drilling announced its intention to list another 11% of shares in the company on the Abu Dhabi Securities Exchange (ADX) through an Initial Public Offering (IPO).{{cite news |title=Oil giant ADNOC to sell minimum 7.5% stake in drilling unit's IPO - Reuters |url=https://www.reuters.com/world/middle-east/adnoc-aims-sell-minimum-75-stake-adnoc-drilling-ipo-2021-09-06/ |access-date=September 14, 2021 |archive-date=September 8, 2021 |archive-url=https://web.archive.org/web/20210908135247/https://www.reuters.com/world/middle-east/adnoc-aims-sell-minimum-75-stake-adnoc-drilling-ipo-2021-09-06/ |url-status=live }} On October 3, 2021, the company went public on the Abu Dhabi bourse, and became the most successful listing of all time in the emirate, jumping 30% on its first-ever day of trading.{{cite news |title=ADNOC Drilling jumps over 30% in debut for Abu Dhabi's largest IPO - Reuters |url=https://www.reuters.com/business/adnoc-drilling-starts-trading-with-10-bln-market-cap-2021-10-03/ |access-date=October 4, 2021 |archive-date=October 4, 2021 |archive-url=https://web.archive.org/web/20211004005000/https://www.reuters.com/business/adnoc-drilling-starts-trading-with-10-bln-market-cap-2021-10-03/ |url-status=live }}
== Al Yasat Petroleum ==
Al Yasat Petroleum is ADNOC's youngest operating company. It is the first joint venture between ADNOC and China National Petroleum Corporation (CNPC), established in 2014. Tayba Al Hashemi is the current CEO of Al Yasat Petroleum. Al Yasat's role is to explore oil and gas potential within the company's mandated concession areas and to develop prospective locations on behalf of the company's shareholders. ADNOC is the majority shareholder and owns 60% of the company, with CNPC owning the remaining 40%.{{cite web|date=July 3, 2018|title=ADNOC's Al Yasat awards EPC contract|url=https://www.oilfieldtechnology.com/offshore-and-subsea/03072018/adnocs-al-yasat-awards-epc-contract/|access-date=December 28, 2020|website=Oilfield Technology|language=en|archive-date=June 14, 2021|archive-url=https://web.archive.org/web/20210614092247/https://www.oilfieldtechnology.com/offshore-and-subsea/03072018/adnocs-al-yasat-awards-epc-contract/|url-status=live}}
== Al Dhafra Petroleum ==
Al Dhafra Petroleum is an emerging upstream company that is focused on unlocking undeveloped oil and gas potential in the UAE. Al Dhafra Petroleum is a dynamic and efficient upstream company with a mandate to maximize the UAE's natural resources. Its shareholders are ADNOC, which owns 60% of the company, with Korea National Oil Corporation (KNOC) and GS Energy owning the remaining 40%.{{cite news|last=Sertin|first=Carla|date=July 3, 2019|title=ADNOC's Al Dhafra Petroleum joint venture produces first oil from Haliba field|url=https://www.oilandgasmiddleeast.com/drilling-production/34418-adnocs-al-dhafra-petroleum-joint-venture-produces-first-oil-from-haliba-field|access-date=December 28, 2020|newspaper=Oil & Gas Middle East}}
== ADNOC Sour Gas ==
ADNOC Sour Gas is a joint $10 billion venture between ADNOC and Occidental Petroleum that is expected to extract at least one billion cubic feet of ultra-sour gas per day. On a daily basis, the project is also expected to produce 504 million cubic feet of natural gas, 33,000 barrels of condensates, and thousands of tons of natural gas liquids, and thousands of tons of sulphur granules. The Project is located in the Shah gas field about 210 kilometers west of Abu Dhabi. Half of this field's production will be used to service domestic demand in the UAE and minimize the need for gas imports. ADNOC Sour Gas is 60% owned by ADNOC with the remaining equity held by Occidental.{{cite web|date=April 26, 2016|title=ADNOC opens $10bn al Hosn Shah sour gas development project in Abu Dhabi|url=http://www.hydrocarbons-technology.com/news/newsadnoc-opens-10bn-al-hosn-shah-sour-gas-development-project-abu-dhabi-4875957|access-date=December 5, 2016|archive-date=January 4, 2017|archive-url=https://web.archive.org/web/20170104234831/http://www.hydrocarbons-technology.com/news/newsadnoc-opens-10bn-al-hosn-shah-sour-gas-development-project-abu-dhabi-4875957|url-status=live}} It is previously known as Abu Dhabi Gas Development Company Limited (Al Hosn Gas).{{cite web|title=ADNOC Sour Gas Notification - Abu Dhabi National Oil Company|url=https://adnoc.ae/adnoc-sour-gas/notification|access-date=January 18, 2018|website=adnoc.ae|language=en|archive-date=January 19, 2018|archive-url=https://web.archive.org/web/20180119120355/https://adnoc.ae/adnoc-sour-gas/notification|url-status=live}}
= Processing, refining and chemicals =
== ADNOC Gas Processing ==
ADNOC Gas Processing (formerly known as GASCO) is a natural gas producing company and the largest gas processing complex in Abu Dhabi.{{cite web|url=https://www.pttep.com/en/Newsandnmedia/Mediacorner/Pressreleases/Pttepacquirespartexholding.aspx?mode=print|title=PTTEP acquires Partex Holding A strong foothold of expansion in the Middle East as strategically targeted|date=June 17, 2019|work=PTTEP|access-date=October 21, 2020}} The company was established in 1975.{{cite book |url= https://books.google.com/books?id=OroATA1gossC&pg=PA62 |title= The Oil & Gas Year Abu Dhabi 2010 |publisher = Wildcat Publishing |page = 62 |year=2011 |isbn=9781906975180}}{{cite web|date=April 28, 2015|title=ADNOC plans $25 billion offshore spend|url=http://www.oedigital.com/technology/item/8891-adnoc-plans-25-billion-offshore-spend|access-date=December 5, 2016|archive-date=January 5, 2017|archive-url=https://web.archive.org/web/20170105001411/http://www.oedigital.com/technology/item/8891-adnoc-plans-25-billion-offshore-spend|url-status=live}} It was formerly known as Abu Dhabi Gas Industries Limited (GASCO).{{cite web|url=https://adnoc.ae/adnoc-gas-processing/notification|title=ADNOC Gas Processing Notification - Abu Dhabi National Oil Company|website=adnoc.ae|language=en|access-date=January 18, 2018|archive-date=February 24, 2018|archive-url=https://web.archive.org/web/20180224030736/https://adnoc.ae/adnoc-gas-processing/notification|url-status=live}} ADNOC Gas Processing is a subsidiary of the ADNOC, which owns 68 percent stake in the company. Other shareholders are Shell Abu Dhabi (15 percent), Total SA (15 percent) and Partex (2 percent).{{cite book|url=https://books.google.com/books?id=sVKrp_w8I6wC&pg=PA151|title=The Report: Abu Dhabi 2007|publisher=Oxford Business Group|year=2007|isbn=9781902339719|page=151}} The company was established in 1975. The company's current CEO is Sultan Ahmed Al Jaber.{{cite web|url=https://www.worldoil.com/news/2019/11/11/adnoc-ceo-calls-for-modernization-in-response-to-an-evolving-energy-landscape|title=ADNOC CEO calls for modernization in response to an evolving energy landscape|date=November 11, 2019|work=World Oil|access-date=October 23, 2019}} Shayma Al Mazrouei, Environment Department Team Leader in ADNOC Gas Processing's Environment, health and safety (HSE), Division, received the Sustainability Manager of the Year Award 2020 for her continuous contribution to environmental conservations through an innovative water reduction program.{{cite web|url=https://www.wam.ae/en/details/1395302854722|title=ADNOC wins Sustainability Manager Award for efforts to conserve UAE's water resources|date=July 13, 2020|work=WAM|accessdate=August 25, 2021}}
It manages over 3,000 km of pipeline network and 26 processing trains.{{cite web|url=https://www.protenders.com/companies/adnoc-gas-processing|title=ADNOC Gas Processing (GASCO)|work=ProTenders|access-date=October 21, 2020}}{{cite web|url=https://www.onepetro.org/conference-paper/SPE-197788-MS|title=Best Practice to Ensure Integrity of Ageing Critical Pipeline Gas/NGL Distribution Facilities|work=OnePetro|access-date=October 21, 2020}} In 2000 ADNOC Gas Processing started a $1.5 billion tender for its gas terminals expansion.{{cite web|url=https://www.kallanishenergy.com/2020/05/15/adnoc-gas-processing-starts-tender-for-1-5b-terminal-expansion/|title=Adnoc Gas Processing starts tender for $1.5B terminal expansion|date=May 15, 2020|work=Kallanish Energy|access-date=October 23, 2019|archive-date=October 26, 2020|archive-url=https://web.archive.org/web/20201026034616/https://www.kallanishenergy.com/2020/05/15/adnoc-gas-processing-starts-tender-for-1-5b-terminal-expansion/|url-status=dead}}{{cite web|url=https://www.upstreamonline.com/field-development/adnoc-starts-chase-for-1-5-billion-gas-terminal-expansion/2-1-806544|title=Adnoc starts chase for $1.5 billion gas terminal expansion|date=May 13, 2020|work=Upstream|access-date=October 23, 2019}} ADNOC launched a Downstream Investment Forum in 2018, which attracted more foreign investments for the Ruwais Refinery.{{cite web|url=https://www.euro-petrole.com/adnoc-invests-us-dollars-3-5-bn-to-upgrade-ruwais-refining-capabilities-and-maximize-value-for-abu-dhabi-and-the-uae-n-i-20964|title=ADNOC Invests US$ 3.5 BN to Upgrade Ruwais Refining Capabilities and Maximize Value for Abu Dhabi and the UAE|date=August 17, 2020|work=Euro-Petrole|accessdate=July 14, 2021}} For the last 40 years, the ADNOC has been refining Murban grade crude, which is extracted from its onshore fields in the Emirate of Abu Dhabi. The "Crude Flexibility Project" (CFP) has made significant progress in 2020, with the ADNOC having a 73% project delivery which is constantly increasing from the refining capabilities in Ruwais. The CFP is to be completed in mid-2022, allowing the ADNOC to process up to 420,000 bpsd (Barrels per Stream Day) of the heavier grades of crude oil at the Ruwais refinery, which processes in total 840,000 bpsd. The necessary physical infrastructure required for the CFP has been put into place, only the structural elements such as 2 new fractionators and 24 atmospheric residue desulfurizer reactors were installed in the months of June and July 2020.
ADNOC signed two EPC contracts in 2020, one with Petrofac Emirates LLC, a subsidiary of Petrofac Ltd., and the other with a joint venture with Petrofac and Sapura Energy Bhd. for the development of ADNOC's Dalma gas development project. Together, the contracts are valued to be worth over $1.65 billion, and they are scheduled to be completed by 2022.{{cite web|url=https://www.ogj.com/refining-processing/gas-processing/article/14168066/adnoc-lets-contracts-for-abu-dhabi-gas-mega-project|title=ADNOC lets contracts for Abu Dhabi gas mega project|date=February 18, 2020|work=Oil & Gas Journal|accessdate=August 12, 2021}}
ADNOC introduced a new category in its enterprise HSE Awards for energy management to recognize efforts made by companies, employees and contractors. This award helps to promote energy awareness and increase the involvement and accountability of individuals.{{Cite web |title=Clean Energy Ministerial {{!}} Advancing Clean Energy Together |url=https://www.cleanenergyministerial.org/ |access-date=2024-09-10 |website=Clean Energy Ministerial |language=en-US}}
== ADNOC LNG ==
ADNOC LNG processes and distributes liquefied petroleum gas and liquified natural gas. ADNOC Gas Processing supplies products to ADNOC LNG at Das Island where it is processed and loaded on ships for export to East Asia, especially Japan. ADNOC is the majority shareholder. Minority shares are held by Mitsui, BP, and Total. It is formerly called Abu Dhabi Gas Liquefaction Co. Limited (ADGAS).{{cite web|last=|first=|date=|title=Inspection and fitness-for-service study for over 100 critical assets to Liquefied Natural Gas (LNG) operator ADGAS|url=https://www.edifgroup.com/documents/pdf/Edif_ERA_CS_ADGAS_AWK_web.pdf|access-date=December 28, 2020|website=|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194259/https://www.edifgroup.com/documents/pdf/Edif_ERA_CS_ADGAS_AWK_web.pdf|url-status=dead}}
== ADNOC Refining ==
ADNOC Refining was created in 1999 to take over oil refining from ADNOC. ADNOC Refining refines crude oil and condensate, various petroleum products, and granulated sulphur.{{cite web | url=http://www.takreer.com/AboutUs.html | title=ADNOC Refining Notification - Abu Dhabi National Oil Company | access-date=December 5, 2016 | archive-date=November 24, 2016 | archive-url=https://web.archive.org/web/20161124190055/http://www.takreer.com/AboutUs.html | url-status=live }} It operates the Ruwais and Abu Dhabi refineries.{{cite web|url=https://www.adnoc.ae/en/adnoc-refining/who-we-are/about-adnoc-refining|title=About ADNOC Refining|website=www.adnoc.ae|language=en|access-date=January 18, 2018|archive-date=January 19, 2018|archive-url=https://web.archive.org/web/20180119120257/https://www.adnoc.ae/en/adnoc-refining/who-we-are/about-adnoc-refining|url-status=live}} In 2015, it completed a major expansion of its Ruwais Refinery. The $10 billion project doubled the capacity of the facility. A large part of the increased output is dedicated to diesel production due to demand from Asia. Ruwais has the ability to refine 600,000 tonnes of high-quality base oils per year. These oils are used primarily for automotive lubricants.{{cite web | url=http://www.thenational.ae/business/energy/abu-dhabi-refiner-takreer-diversifies-products-to-meet-demand-from-transport-sector | title=Abu Dhabi refiner Takreer diversifies products to meet demand from transport sector | access-date=December 5, 2016 | archive-date=January 5, 2017 | archive-url=https://web.archive.org/web/20170105083347/http://www.thenational.ae/business/energy/abu-dhabi-refiner-takreer-diversifies-products-to-meet-demand-from-transport-sector | url-status=live }} It is previously known as Abu Dhabi Oil Refining Company (TAKREER).{{cite web|title=Abu Dhabi Oil Refining Co - Company Profile and News|url=https://www.bloomberg.com/profile/company/2317343Z:UH|access-date=December 28, 2020|website=Bloomberg.com|language=en|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194257/https://www.bloomberg.com/profile/company/2317343Z:UH|url-status=live}}{{cite web|title=ADNOC Refining (ADNOC), UAE - Company Information, Key People, Latest News and Contact Details - ZAWYA MENA Edition|url=https://www.zawya.com/mena/en/company/ADNOC_Refining-1000124/|access-date=December 28, 2020|website=www.zawya.com|language=en|archive-date=March 5, 2021|archive-url=https://web.archive.org/web/20210305131941/https://www.zawya.com/mena/en/company/ADNOC_Refining-1000124/|url-status=live}}
== Fertiglobe ==
In September 2019 Fertiglobe was formed as a result of the merger of ADNOC Fertilizers, (established in 1980) with Dutch firm OCI's Middle East nitrogen fertilizer business. ADNOC has a 42% stake in the new business.{{cite web|title=OCI NV, ADNOC close strategic partnership agreement, establish Fertiglobe|url=https://wam.ae/en/details/1395302791038|access-date=January 7, 2021|website=wam|date=September 30, 2019 |archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194243/https://wam.ae/en/details/1395302791038|url-status=live}}{{cite web|last=Menachery|first=Martin|date=September 30, 2019|title=OCI, ADNOC close partnership agreement, establish Fertiglobe, a global nitrogen fertiliser company|url=https://www.refiningandpetrochemicalsme.com/products-services/26984-oci-adnoc-close-partnership-agreement-establish-fertiglobe-a-global-nitrogen-fertiliser-company|access-date=January 7, 2021|website=Refining & Petrochemicals}}
== ADNOC Industrial Gas ==
ADNOC Industrial Gas was founded in 2007. It manufactures industrial gas used in the oil, gas, and petrochemical industries. ADNOC Industrial Gas works very closely with ADNOC Gas Processing. The firm is a joint venture between ADNOC and the Linde Group of Germany. ADNOC holds 51% equity with the remainder held by Linde. It is formerly known as ADNOC Linde Industrial Gases Company Limited (ELIXIER).{{cite web|last=|first=|date=|title=Elixier (ADNOC Linde Industrial Gases Company Ltd.)|url=https://www.gulfoilandgas.com/webpro1/prod1/suppliercat.asp?sid=10745|access-date=December 28, 2020|website=Gulf Oil $ Gas|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194242/https://www.gulfoilandgas.com/webpro1/prod1/suppliercat.asp?sid=10745|url-status=live}}
==Abu Dhabi Polymers Company (Borouge)==
{{main | Borouge}}
Borouge is a manufacturer of polyolefins. It is a joint venture of ADNOC and Borealis of Austria. It was founded in 1998, and has two divisions, one based in Abu Dhabi and another based in Singapore. The company supplies polyolefin plastics (polyethylene and polypropylene). They focus on differentiated high-end applications in the Middle East and Asia Pacific with Borstar Enhanced Polyethylene produced in Abu Dhabi and the Borealis range of specialty products.[http://borouge.com/aboutus/Pages/Locations.aspx Borouge website: Locations] {{Webarchive|url=https://web.archive.org/web/20161128171155/http://www.borouge.com/aboutus/Pages/Locations.aspx |date=November 28, 2016 }}, visited August 5, 2016{{cite web|title=Profile|url=https://www.borouge.com/aboutus/Pages/Profile.aspx|access-date=December 28, 2020|website=www.borouge.com|archive-date=November 26, 2020|archive-url=https://web.archive.org/web/20201126095218/https://www.borouge.com/aboutus/Pages/Profile.aspx|url-status=dead}}
= Marketing and distribution =
== ADNOC Logistics & Services ==
ADNOC Logistics & Services was formed by merging ESNAAD, IRSHAD, and ADNATCO.{{cite web|last=admin|date=March 3, 2019|title=ADNOC Logistics and Services unveils expansion strategy|url=https://www.themaritimestandard.com/adnoc-logistics-and-services-unveils-expansion-strategy/|access-date=December 28, 2020|website=Latest Maritime & Shipping News Online - The Maritime Standard|language=en-US|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194242/https://www.themaritimestandard.com/adnoc-logistics-and-services-unveils-expansion-strategy/|url-status=live}} ADNOC Logistics & Services is 100% owned by ADNOC.{{cite web|last=|first=|date=February 10, 2020|title=AG&P, ADNOC Logistics and Services sign agreement for the long-term charter of a Floating Storage Unit (FSU) at the new AG&P LNG import facility at Karaikal Port, South India|url=https://www.agpglobal.com/wp-content/uploads/2020/02/agp-adnoc-logistics-and-services-sign-agreement.pdf|access-date=December 28, 2020|website=|archive-date=December 25, 2020|archive-url=https://web.archive.org/web/20201225110525/https://www.agpglobal.com/wp-content/uploads/2020/02/agp-adnoc-logistics-and-services-sign-agreement.pdf|url-status=dead}} The new company has a workforce of about 4,000 people.{{cite web|title=Adnoc combines shipping and ports services units in reorganisation push|url=https://www.thenationalnews.com/business/adnoc-combines-shipping-and-ports-services-units-in-reorganisation-push-1.164680|access-date=December 28, 2020|website=The National|date=October 18, 2016|language=en|archive-date=October 16, 2021|archive-url=https://web.archive.org/web/20211016194257/https://www.thenationalnews.com/business/adnoc-combines-shipping-and-ports-services-units-in-reorganisation-push-1.164680|url-status=live}}
In August 2020, Chinese company Wanhua partnered with ADNOC Logistics and Services to create AW Shipping Ltd., which owns and operates product tankers and a flotilla of very large gas carriers (VLGCs). AW Shipping delivers liquefied petroleum gas (LPG) from ADNOC and other global suppliers to Wanhua's sites in China and globally. In November 2018, a 10-year contract for (LPG) supply was forged between the companies.{{cite web|title=Adnoc's shipping division launches joint venture with Chinese company|url=https://gulfnews.com/business/energy/adnocs-shipping-division-launches-joint-venture-with-chinese-company-1.1596526859122|access-date=January 13, 2021|website=gulfnews.com|date=August 4, 2020 |language=en|archive-date=January 15, 2021|archive-url=https://web.archive.org/web/20210115091424/https://gulfnews.com/business/energy/adnocs-shipping-division-launches-joint-venture-with-chinese-company-1.1596526859122|url-status=live}}
==ADNOC Distribution==
ADNOC Distribution (ADNOCDIS:UH){{cite web|last=|first=|date=|title=Abu Dhabi National Oil Co for Distribution PJSC|url=https://www.bloomberg.com/quote/ADNOCDIS:UH|access-date=January 13, 2021|website=Bloomberg News|archive-date=January 15, 2021|archive-url=https://web.archive.org/web/20210115153054/https://www.bloomberg.com/quote/ADNOCDIS:UH|url-status=live}} operates hundreds of service stations across the UAE, provides bunkering services at Zayed Port, aviation fuel services at most of the country's airports, and sells its own brand of lubricants throughout the Gulf region.{{cite web|last=|first=|date=|title=The investment opportunity|url=https://www.adnocdistribution.ae/en/investor-relations/investor-relations/our-investment-case/the-investment-opportunity/|access-date=January 13, 2021|website=ADNOC Distribution|language=en|archive-date=January 15, 2021|archive-url=https://web.archive.org/web/20210115090949/https://www.adnocdistribution.ae/en/investor-relations/investor-relations/our-investment-case/the-investment-opportunity/|url-status=live}} In September 2020 ADNOC completed "the largest block placement of a publicly listed" company in the Gulf region valued at $1 billion. The placement, which was aimed at institutional investors, increased the subsidiary's free float to 20%.{{cite web|last=|first=|date=September 14, 2020|title=ADNOC completes $1 bln institutional placement for distribution business - ET EnergyWorld|url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/adnoc-completes-1-bln-institutional-placement-for-distribution-business/78105048|access-date=January 13, 2021|website=ETEnergyworld.com|language=en|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114101857/https://energy.economictimes.indiatimes.com/news/oil-and-gas/adnoc-completes-1-bln-institutional-placement-for-distribution-business/78105048|url-status=live}}{{Cite news|last=Gamal|first=Rania El|date=September 14, 2020|title=ADNOC completes $1 billion institutional placement for distribution business|language=en|work=Reuters|url=https://www.reuters.com/article/us-adnoc-equity-idUSKBN2650U8|access-date=January 13, 2021|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114094707/https://www.reuters.com/article/us-adnoc-equity-idUSKBN2650U8|url-status=live}}
== Abu Dhabi Crude Oil Pipeline LLC (ADCOP) ==
ADCOP owns an approximately 406 km pipeline that carries crude oil from an ADNOC Onshore collection center in Abu Dhabi to the Fujairah oil export terminal, which provides access to international shipping routes.{{cite web|date=November 6, 2017|title=Abu Dhabi Crude Oil Pipeline successfully issues $3b bond|url=http://saudigazette.com.sa/article/521171|access-date=January 13, 2021|website=Saudigazette|language=English|archive-date=January 21, 2021|archive-url=https://web.archive.org/web/20210121014958/https://saudigazette.com.sa/article/521171|url-status=live}}
See also
- Asab oil field{{cite book|url=https://books.google.com/books?id=BdNjTbcB__0C&q=Umm+Shaif+gas+field+Abu+Dhabi+TCF&pg=PA25|title=The A to Z of petroleum industry|year=2002|isbn=9780810870666|accessdate=2014-05-14|last1=Vassiliou|first1=Marius S.|publisher=Scarecrow Press }}
- Emirates National Oil Company (ENOC)
- International Petroleum Investment Company
- List of oil exploration and production companies
- Mubadala Investment Company
- Abu Dhabi Investment Authority
References
{{reflist|colwidth=30em}}
External links
- {{official website|https://www.adnoc.ae/}}
- [https://www.adq.ae/ ADQ Holding Company]
{{Petroleum industry}}
{{authority control}}
{{DEFAULTSORT:Abu Dhabi National Oil Company}}
Category:Oil and gas companies of the United Arab Emirates
Category:Government-owned companies of Abu Dhabi
Category:Companies based in Abu Dhabi
Category:Energy companies established in 1971
Category:Non-renewable resource companies established in 1971