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Latest Press Releases

ADNOC

ADNOC Announces Transfer of 24.9% OMV Shareholding to XRG

Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced today its intention to transfer its 24.9% shareholding in OMV AG (OMV) to XRG P.J.S.C (XRG), its wholly-owned international investment company.

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Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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ADNOC Expands its STEM Education Program to Empower UAE Students in AI

ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education program to empower UAE students in artificial intelligence (AI) and advanced technology through an initiative called ‘STEM for Life: Future of AI Schools Challenge’ which held the finals today at the Abu Dhabi Energy Center.

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Sep 04, 2019

ADNOC Closes Pipeline Infrastructure Investment with GIC Marking Completion of Multi-Billion Oil Pipeline Infrastructure Landmark Awards

The Abu Dhabi National Oil Company (ADNOC) announced today that it has formally closed its $600 million pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund. This marks the successful closing of the total investment transaction, following the formal closing of the initial investment agreement with BlackRock and KKR on June 27, and the subsequent closing of the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF) investment on August 1. The closing takes the combined investment in select ADNOC oil pipeline infrastructure by BlackRock, KKR, ADRPBF and GIC to $4.9 billion.

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Aug 28, 2019

H.H. Sheikha Fatima Bint Mubarak, Mother of the Nation, Reinforces the Critical Role of Women at ADNOC in Delivering Growth and Progress for the UAE

On the occasion of the UAE’s 5th annual Emirati Women’s Day, H.H. Sheikha Fatima bint Mubarak, Mother of the Nation, sent a message of support to the Women of ADNOC, reinforcing their critical role in enabling the growth and progress for the UAE. In a speech delivered on her behalf by Dr. Maitha bint Salem al Shamsi, Minister of State and Special Representative for Sheikha Fatima bint Mubarak, Sheikha Fatima said that Emirati women are the solid foundation of the country and essential to its future prosperity. In this capacity Emirati women have the unwavering support of the UAE leadership to ensure they have the skills and education to fulfill their potential and contribute to the success of future generations. H.H. Sheikha Fatima added that while Emirati women have already attained remarkable accomplishments in diverse fields across the UAE, more effort is needed to protect and enhance the progress that has been made, following the example of the UAE’s wise leadership and in keeping with the resilience, dedication and hard work that characterizes the UAE people. H.H. Sheikha Fatima concluded that the UAE’s laws and regulations focus on empowering women to achieve their full potential, achieve their ambitions and contribute to the aspirations of the country, while maintaining a balance between home and work life.

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Aug 21, 2019

ADNOC Awards Contracts for Wells and Drilling Materials with Multi-Billion-Dollar Scope as It Drives Value Through Smart Procurement

The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.

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Aug 07, 2019

ADNOC acquires stake in VTTI, owner of storage terminals in 14 countries world-wide with 60 million barrels of capacity

The Abu Dhabi National Oil Company (ADNOC) today announced a strategic investment in global storage terminal owner and operator VTTI BV (VTTI). As part of this agreement, ADNOC will acquire a 10% equity stake in VTTI. Following the transaction, VTTI will be owned 10% by ADNOC, 45% by IFM Global Infrastructure Fund (IFM GIF), an investment vehicle managed by IFM Investors, and 45% by Vitol (both directly and through Vitol Investment Partnership II Ltd, an investment vehicle sponsored and managed by Vitol).

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Jul 31, 2019

ADNOC Closes Landmark Strategic Partnership Agreements with Eni and OMV in Refining and Trading

The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has closed its landmark strategic equity partnerships with Eni and OMV covering both the existing ADNOC Refining business and a new trading joint venture (JV). The agreement, which was announced in January of this year, includes one of the world’s largest-ever refinery transactions.

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Jul 30, 2019

GIC Joins KKR, BlackRock and Abu Dhabi Pensions Fund in Landmark ADNOC Pipeline Infrastructure Investment Agreement

The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has entered into a further follow-on pipeline infrastructure investment agreement with GIC, Singapore’s sovereign wealth fund. GIC will invest $600 million in select ADNOC crude pipeline infrastructure, following BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF), who earlier this year signed agreements to invest $4.3 billion in these assets. This takes the combined lease-based investment of GIC, ADRPBF, KKR and BlackRock to $4.9 billion.

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Jul 24, 2019

ADNOC and Pertamina Sign Comprehensive Strategic Framework in Oil and Gas Development

The Abu Dhabi National Oil Company (ADNOC) today signed a Comprehensive Strategic Framework (CSF) with Indonesia’s energy company, PT Pertamina (Persero) to explore opportunities for collaboration across the oil and gas value chain in the United Arab Emirates, Indonesia and globally. The signing of the agreement took place in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Force and His Excellency, Ir. H. Joko Widodo, President of Indonesia.

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Jul 23, 2019

H.H. Sheikh Mohamed bin Zayed Witnesses Signing of ADNOC and Wanhua Chemical Shipping JV and Downstream Partnership Framework Agreement

The Abu Dhabi National Oil Company (ADNOC) signed, today, a Partnership Framework Agreement with Wanhua Chemical Group Co., Ltd. (Wanhua Chemical) to explore the collaborative development of new opportunities in the downstream sector in the United Arab Emirates and China. ADNOC and Wanhua Chemical also signed a shipping Joint Venture (JV) agreement building on the 10-year LPG supply contract signed in November 2018. The signing of both agreements was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

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Jul 22, 2019

Mohamed bin Zayed and Xi Jinping Witness Signing of ADNOC and CNOOC Strategic Framework Agreement

The Abu Dhabi National Oil Company (ADNOC) signed, today, a Strategic Framework Agreement with China National Offshore Oil Corporation (CNOOC) to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in LNG. The exchange of the signed agreement was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Xi Jinping, President of the People’s Republic of China.

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Jul 11, 2019

ADNOC Group CEO Meets Russian Energy Minister During Visit to Moscow

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) met with His Excellency Alexander Novak, Minister of Energy of the Russian Federation, during a visit to Moscow, as ADNOC explores opportunities to expand its strategic partnership and investment base across its entire value chain.

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