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Latest Press Releases

ADNOC Awards Contracts Worth AED543 Million for Made-in-UAE Products

ADNOC announced today at the Make it in the Emirates forum the award of contracts valued at AED543 million ($147.8 million) to nine of its suppliers for locally made industrial products to be used across its value chain.

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ADNOC’s Suppliers Commit to Invest AED3 Billion in Manufacturing Facilities Across UAE

ADNOC announced today that its partners across its supply chain commit to invest AED3 billion ($817 million) in manufacturing facilities across the UAE. The announcement was made at the ‘Make it in the Emirates’ forum currently underway in Abu Dhabi.

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ADNOC Signs AED6 Billion Framework Agreements to Manufacture Critical Industrial Equipment in the UAE

ADNOC announced today that it has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the ‘Make it in the Emirates’ initiative.

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Dec 20, 2020

ADNOC Affirmed Globally Industry-Leading Credit Ratings by Fitch

Fitch Ratings (Fitch) has affirmed ADNOC Group a standalone credit rating of AA+. According to Fitch, the rating reflects ADNOC’s high upstream production and vast oil reserves, very low cost of production, integration into downstream operations, very conservative financial policies, high financial flexibility and low leverage, and its strong unit profitability.

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Dec 17, 2020

ADNOC Prioritizes Youth Development as it Nurtures the Next Generation of Emirati Talent

The Abu Dhabi National Oil Company (ADNOC) today, reinforced its commitment to developing and empowering Emirati youths during the ADNOC Youth Forum which was held virtually with over 3000 youths in attendance from across the ADNOC Group. ADNOC is prioritizing youth development as it nurtures the next generation of Emirati talent that will build on its legacy of success and drive its performance to new heights.

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Dec 15, 2020

ADNOC to Boost In-Country Value to Support Post-Covid Economic Growth

The Abu Dhabi National Oil Company (ADNOC) announced today, it will boost in-country value (ICV) to the United Arab Emirates (UAE) to support post-Covid economic growth through its hugely successful ICV program.

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Dec 10, 2020

ADNOC and ExxonMobil Sign Agreement to Collaborate on Technology Research and Development

The Abu Dhabi National Oil Company (ADNOC) has signed a strategic framework agreement with Exxon Al Khalij Inc. (ExxonMobil), focused on exploring joint technology research and development (R&D) partnership opportunities across the oil and gas upstream value chain.

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Dec 09, 2020

ADNOC Awards Occidental Onshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round

The Abu Dhabi National Oil Company (ADNOC) announced, today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based international oil and gas exploration and production company.

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Dec 08, 2020

ADNOC Global Trading Commences Trading of ADNOC Refined Products

The Abu Dhabi National Oil Company (ADNOC) has officially launched its second trading arm, ADNOC Global Trading (AGT), a joint venture between ADNOC (65%), Eni (20%) and OMV (15%) which focuses on the trading of refined products globally.

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Nov 26, 2020

ADNOC Awards $519 Million Contract Further Expanding World’s Largest 3D Seismic Survey

The Abu Dhabi National Oil Company (ADNOC) announced today, the award of a contract worth up to $519 million (AED1.9 billion) to further expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey, which is currently taking place in the Emirate of Abu Dhabi.

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Nov 22, 2020

H.H. Sheikh Mohamed bin Zayed Commends ADNOC’s Agility and Resilience at SPC Meeting

The Supreme Petroleum Council (SPC) announced today the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels (STB), and an increase in conventional oil reserves of 2 billion STB in the Emirate of Abu Dhabi.

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Nov 17, 2020

ADNOC CEO Highlights Investment and Partnership Opportunities in the UAE at Bloomberg New Economy Forum

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC) highlighted investment and partnership opportunities in the United Arab Emirates (UAE) during a panel session at the Bloomberg New Economy Forum.

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Nov 15, 2020

ADNOC Set to Seize Opportunities to Further Unlock Value as it Builds on Momentum of Successful ADIPEC

The Abu Dhabi National Oil Company (ADNOC) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC).

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