“ADNOC plans to develop its gas reserves to meet the increasing local demand for energy which had soared recently due to the rise in the population and the economic and construction boom,” according to Dr. Saif Sultan Al- Nasseri, Planning Division Manager , E&P Directorate (ADNOC
Speaking at the Abu Dhabi Economic Forum held in Abu Dhabi in March, Dr. Al- Nasseri highlighted the new oil and gas projects in the emirate of Abu Dhabi . Representing ADNOC and its Group of Companies at the Forum, he reviewed expansion plans of crude oil capacity, gas production increase plans, especially sour gas and refining capacity increase plans.
The event, held under the H.H General Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the Armed Forces, was organized by Abu Dhabi Chamber of Commerce and Industry, Department of Planning and the Al Iktissad Wal-Amal Group. It was attended by more than 1000 high-ranking dignitaries including Sheikhs, Ministers, leading executives and businessmen from the UAE and 25 Arab and foreign countries. Dr. Al-Nasseri indicated the possible roles of foreign companies in the expansion plans and the opportunities available for the private sector.
A presentation on TAKREER by Mr. Ahmed Omer Abdulla, Assistant General Manager, Operations, highlighted the expansion plans in the company and the challenges that face the industry sector. He underlined that the company would complete a pipeline project – the largest so far to transfer refined products from Ruwais refinery to Abu Dhabi refinery and a storage area in Musaffah by the end of this current year. He also pointed out that the company started implementing this pipeline two years ago and achieved great results. He explained that the company was executing a distinctive project in industrial waste recycling as per international specifications and regulations.
On Takreer’s objectives and its plans to open new fields, Mr. Abdulla highlighted the success achieved by the company in its nationalization drive, noting that the company operated two large refineries in Ruwais and Sas Al Nakhl. He also indicated the challenges facing the refining sector in the Emirate Answering questions on ADNOC’s view on the private sector participation during the 3rd session, Dr. Saif Al-Nasseri said that there were many projects in the Emirate that needed the participation of the private sector. “The government is currently expanding the infrastructure projects,” he commented, also referring to the new projects that had been announced during GASTECH 2006 and giving a brief description on the sour gas project. “The participation of both foreign and private sectors in our projects is very important to us,” he added.
Dr. Al-Nasseri confirmed that ADNOC was confident in achieving the set objectives regarding the expansion plans due to the competitive, fair policies and the dedication of its man power and international partners. “ADNOC plans to develop its gas reserves to meet the increasing local demand for energy which has soared recently due to the rise in the population and the economic and construction boom,” he said, highlighting that ADNOC was currently studying proposals by international companies to develop sour gas. Answering a question on the available opportunities for foreign companies, Dr. Al- Nasseri said that ADNOC had good cooperation with foreign partners over the last 35 years, underlining also the company’s keen desire to maintain this tradition and develop more business with its partners.
He added that available opportunities for the private sector to invest in ADNOC’s expansion projects depended on the private sector’s services its capacity to implement projects in the oil, gas and petrochemical industries. “Opportunities resulting from technological development will be available for services contractors and suppliers to implement the projects of ADNOC and its Group of Companies.development,” he concluded.