ADNOC markets Abu Dhabi Hydrocarbons such as crude, refined products, LPG and sulphur. It also coordinates short-term and medium-term business activities; and plans long-term strategies that enable ADNOC to maintain its privileged position in the oil and gas business.
ADNOC’s equity of Crude oil and condensate is sold to international markets as well as the local market. The main onshore grade is Murban and the other offshore grades include Umm Shaif, Lower Zakum and Upper Zakum. In addition, ADNOC produces two grades of condensate: Uweinat and Thamama. The bulk of ADNOC’s crude exports are mainly targeted to the Far East, though ADNOC also has a business relationship with the Indian Sub-Continent and East Africa. ADNOC’s main aim is to maintain good business relationship with existing and potential end-users and to ensure a reliable supply.
In addition, ADNOC also markets refined petroleum products, such as naphtha. jet kerosene, gas oil and fuel oil. These refined products, along with three grades of Unleaded Gasoline’s (ULG 98, ULG 95 and ULG 91), are produced by Abu Dhabi Refining Company (TAKREER), which overlooks the operations of Abu Dhabi Refinery and Ruwais Refinery with 500,000 barrels per day of refining capacity (including both Condensate Splitters). In addition, ADNOC’s markets its 68% equity share of Paraffinic Naphta produced by GASCO.
Although Oil will continue to provide the majority of the income tax for both economic growth and social services in the coming years, Gas, the Energy of the Future, will play an increasing important role in the UAE’s development. Gas development projects are being constructed and new ones are being considered in order to meet the increasing demand for production of water and electricity within the country, and to provide power for the new industries emerging, as well as to secure feedstock for new petrochemical projects.
ADNOC is soon expected to be one of the largest LPG exporters in the world and a leading company for supplying Natural Gas within the UAE using their comprehensive pipeline network. On the other hand, new challenges have been added to ADNOC list, which is the development of Sour Gas Project. Such a project is considered as one of the most challenging gas projects with huge production of Sulphur which will put ADNOC on top of the Sulphur exporters in the world.