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Latest Press Releases

Shaikh Mansoor

ADNOC Invests Over $750 Million in Drilling-related Services to Support Production Capacity Growth

The Abu Dhabi National Oil Company (ADNOC) announced today, an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5 million barrels per day (mmbpd) by 2030.

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Shaikh Mansoor

ADNOC joins Hydrogen Council, a global coalition of leading companies deploying hydrogen solutions

Abu Dhabi National Oil Company (ADNOC), announced today, that it has joined Hydrogen Council – an international organization that aims to accelerate the global position of hydrogen through its member companies. Hydrogen and its carrier fuels have great potential as new, low carbon fuels, which ADNOC and the UAE are well placed to capitalize upon.

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Shaikh Mansoor

ADNOC and Three Japanese Companies to Explore Hydrogen and Blue Ammonia Opportunities

The Abu Dhabi National Oil Company (ADNOC) announced today, a joint study agreement (JSA) with two Japanese companies – INPEX Corporation (INPEX), JERA Co., Inc. (JERA), and a government agency, the Japan Oil, Gas and Metals National Corporation (JOGMEC) – to explore the commercial potential of blue ammonia production in the United Arab Emirates (UAE).

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Jul 14, 2021

ADNOC Invests Over $750 Million in Drilling-related Services to Support Production Capacity Growth

The Abu Dhabi National Oil Company (ADNOC) announced today, an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5 million barrels per day (mmbpd) by 2030.

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Jul 12, 2021

ADNOC joins Hydrogen Council, a global coalition of leading companies deploying hydrogen solutions

Abu Dhabi National Oil Company (ADNOC), announced today, that it has joined Hydrogen Council – an international organization that aims to accelerate the global position of hydrogen through its member companies. Hydrogen and its carrier fuels have great potential as new, low carbon fuels, which ADNOC and the UAE are well placed to capitalize upon.

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Jul 08, 2021

ADNOC and Three Japanese Companies to Explore Hydrogen and Blue Ammonia Opportunities

The Abu Dhabi National Oil Company (ADNOC) announced today, a joint study agreement (JSA) with two Japanese companies – INPEX Corporation (INPEX), JERA Co., Inc. (JERA), and a government agency, the Japan Oil, Gas and Metals National Corporation (JOGMEC) – to explore the commercial potential of blue ammonia production in the United Arab Emirates (UAE).

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Jun 29, 2021

ADNOC and Reliance Sign Strategic Partnership for World-Scale Chemical Projects at TA’ZIZ in Ruwais

Abu Dhabi National Oil Company (ADNOC) today announced that Reliance Industries Limited (Reliance), has signed an agreement to join a new world-scale chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC) production facility at TA’ZIZ in Ruwais, Abu Dhabi. The agreement capitalizes on growing demand for these critical industrial raw materials and leverages the strengths of ADNOC and Reliance as global industrial and energy leaders. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ, and represents the first investment by Reliance in the region.

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Jun 22, 2021

Fertiglobe Joins TA’ZIZ as Partner in World-Scale Blue Ammonia Project in Ruwais

TA’ZIZ and Fertiglobe today announced that they have signed an agreement for Fertiglobe to join the world-scale blue ammonia production project at TA’ZIZ in Ruwais, Abu Dhabi. The agreement further strengthens the UAE’s hydrogen value proposition, building on the deep experience in carbon capture and storage of ADNOC, and the world leading ammonia capabilities of Fertiglobe, to develop the first-of-its-kind large scale blue ammonia project in the MENA region.

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Jun 01, 2021

ADNOC and TAQA to Develop World Class Utilities at TA'ZIZ in Ruwais

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have signed an agreement to construct the utilities facility for TA’ZIZ, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi in the United Arab Emirates (UAE). This agreement brings together two of Abu Dhabi’s industrial champions, using the expertise and skills of both TAQA and ADNOC to enhance the attractiveness of TA’ZIZ projects and strengthen the value proposition for investors.

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May 26, 2021

ADNOC Enables UAE Industry through Long-Term and Reliable Natural Gas Supply

The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE and Arkan, a construction and building materials company in Abu Dhabi.

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May 26, 2021

ADNOC Raises USD 1.64 Billion Through Successful Combined Offering of ADNOC Distribution Shares and Issuance of Exchangeable Bonds Attracting Foreign Direct Investment into the UAE

Abu Dhabi National Oil Company (“ADNOC”), announced today the successful closing of its offering of approximately 375 million shares in ADNOC Distribution (the “Share Offering”), representing approximately 3% of the registered share capital of ADNOC Distribution. It also issued approximately USD 1.195 billion of senior unsecured bonds (the “Exchangeable Bonds”) due 2024 that are exchangeable into existing shares of ADNOC Distribution constituting approximately 7% of the registered share capital of ADNOC Distribution (ISIN: AEA006101017) (ADX Symbol: ADNOCDIST) under certain conditions (the “Exchangeable Bond Offering” and, together with the Share Offering, the “Combined Offering”). In total, the Combined Offering resulted in proceeds of USD 1.64 billion for ADNOC.

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May 25, 2021

ADNOC Awards $744 Million Contract for Full Field Development of the Belbazem Offshore Block

The Abu Dhabi National Oil Company (ADNOC) announced today, the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximize value from all of Abu Dhabi’s fields as it expands its oil production capacity to 5 million barrels per day (mmbpd) by 2030. Located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.

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May 24, 2021

ADNOC to Build World-Scale Blue Ammonia Project

Abu Dhabi National Oil Company (ADNOC) announced today that it will advance a world-scale “blue” ammonia production facility in Ruwais, Abu Dhabi, in the United Arab Emirates (UAE). ADNOC is an early pioneer in the emerging hydrogen market, driving the UAE’s leadership in creating local and international hydrogen value chains, while contributing to economic growth and diversification in the UAE. The facility, which has moved to the design phase, will be developed at the new TA’ZIZ industrial ecosystem and chemicals hub in Ruwais.

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