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ADNOC

ADNOC Announces New Dedicated Debt Capital Markets Issuing Entity and Inaugural Credit Rating

Abu Dhabi National Oil Company (“ADNOC”) announced today, that it has created a new, wholly owned subsidiary, ADNOC Murban RSC Ltd (“ADNOC Murban”), which will become the primary debt capital markets issuing and rated entity for ADNOC Group.

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ADNOC Comments Following Incident at Mussafah Fuel Depot

At approximately 10:00 AM this morning, an incident occurred at our Mussafah Fuel Depot in Abu Dhabi which resulted in the outbreak of a fire.

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ADNOC Invests Close to USD1 Billion in the Long Term Development of Umm Shaif Field

Abu Dhabi National Oil Company (ADNOC) announced today the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for the United Arab Emirates (UAE) and partners around the world.

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Jan 25, 2022

ADNOC Announces New Dedicated Debt Capital Markets Issuing Entity and Inaugural Credit Rating

Abu Dhabi National Oil Company (“ADNOC”) announced today, that it has created a new, wholly owned subsidiary, ADNOC Murban RSC Ltd (“ADNOC Murban”), which will become the primary debt capital markets issuing and rated entity for ADNOC Group.

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Jan 17, 2022

ADNOC Comments Following Incident at Mussafah Fuel Depot

At approximately 10:00 AM this morning, an incident occurred at our Mussafah Fuel Depot in Abu Dhabi which resulted in the outbreak of a fire.

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Jan 05, 2022

ADNOC Invests Close to USD1 Billion in the Long Term Development of Umm Shaif Field

Abu Dhabi National Oil Company (ADNOC) announced today the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for the United Arab Emirates (UAE) and partners around the world.

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Dec 22, 2021

ADNOC and TAQA Announce $3.6 Billion Project to Power and Decarbonize Offshore Operations

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced today a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening ADNOC and TAQA’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic Initiative’.

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Dec 15, 2021

Leading UAE Investors Partner with ADNOC and ADQ to Develop World-Scale Chemicals Projects in Ruwais

The Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ)  today signed investment agreements with eight United Arab Emirates (UAE)-based investors, marking the first domestic Public Private Partnership (PPP) in Abu Dhabi’s downstream and petrochemicals sector. The agreements comprise commitments by the investors to invest in an up to 20% stake in a portfolio of chemicals projects worth AED 15 billion ($4 billion) within the TA’ZIZ Industrial Chemicals Zone, alongside Abu Dhabi National Oil Company (ADNOC), ADQ, and other global strategic partners in Ruwais, Abu Dhabi.

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Dec 08, 2021

ADNOC and GE to Develop Decarbonization Roadmap for Power Generation in ADNOC’s Downstream and Industry Operations

Abu Dhabi National Oil Company (ADNOC) and GE Gas Power (NYSE: GE) today announced a joint cooperation initiative to develop a decarbonization roadmap that includes reducing carbon emissions from gas turbines used to power ADNOC’s downstream and industry operations, including at the world-scale Ruwais Industrial Complex, in Abu Dhabi in the United Arab Emirates (UAE).

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Dec 07, 2021

TA’ZIZ and Reliance Launch Strategic Joint Venture for $2 Billion Chemicals Projects in Ruwais

Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) and Reliance Industries Limited (RIL), have agreed to launch TA’ZIZ EDC & PVC, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais. The new joint-venture will construct and operate a Chlor-Alkali, Ethylene Dichloride (EDC) and Polyvinyl Chloride (PVC) production facility, with an investment of more than $2 billion. Representing the first production of these chemicals in the UAE, the project will enable the substitution of imports and the creation of new local value chains, while also meeting growing demand for these chemicals globally. The TA’ZIZ Industrial Chemicals Zone is a joint venture between Abu Dhabi National Oil Company (ADNOC) and ADQ.

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Dec 01, 2021

Mohamed bin Zayed chairs ADNOC Board of Directors Meeting at Expo 2020 Dubai

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC), today presided over the annual meeting of the ADNOC Board of Directors.

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Dec 01, 2021

Mohamed bin Zayed Launches Abu Dhabi Powerhouse to Develop World-Leading Portfolio in Clean Energy

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, today announced a global clean energy powerhouse intended to spearhead the drive to net-zero carbon by 2050. Consolidating their combined efforts in renewable energy and green hydrogen, Abu Dhabi National Energy Company PJSC (TAQA), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (ADNOC) will partner under the Abu Dhabi Future Energy Company (Masdar) brand.

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Nov 18, 2021

ADNOC Awards $1.46 Billion EPC Contracts for the Dalma Gas Development Project

The Abu Dhabi National Oil Company (ADNOC) announced today, the award of two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project. The Dalma field is part of the Ghasha Concession which is the world’s largest offshore sour gas development and an important enabler of gas self-sufficiency for the United Arab Emirates (UAE).

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