strategy 2030

ADNOC 2030 Strategy Foreword

Strategy Foreword

For over 45 years, ADNOC has been entrusted with Abu Dhabi’s oil and gas resources. And while we rightly celebrate our past successes, we must also keep our eye firmly on the future.

As the global energy landscape changes, we are committed to ensuring ADNOC continues to compete and lead—remaining an important cornerstone of Abu Dhabi’s socio-economic growth.

ADNOC’s integrated 2030 Strategy is essential to ensuring future success and transforming our business. It maps out how we will deliver smart growth, create value and increase profitability. It is focused on three strategic imperatives, enabled by technology, partnerships and our people, to create a:

•    More Profitable Upstream
•    More Valuable Downstream
•    More Sustainable and Economic Gas Supply

Agility and adaptability are in ADNOC’s DNA and we constantly seek new ways to evolve, to suit not just the world of today but also of tomorrow.

In July 2017 ADNOC announced a new, expanded partnership model and a more active approach to managing its businesses and portfolio of assets which, together, form an integral part of the 2030 Strategy. This means our partnerships will now span the Group’s entire value chain and build on ADNOC’s flexible operating model and over 45-year legacy of successful energy partnerships.

Our new approach will enable ADNOC to unlock and maximize significant value from across the Group, drive business and revenue growth, optimize performance, and secure greater access for its products in key growth markets.

ADNOC’s 2030 Strategy is built on our strategic foundations; People, Performance, Profitability and Efficiency. These remain the common principles through which all strategic decisions at ADNOC and our Group of Companies are taken.

While ADNOC’s strategy has evolved, our company’s vision and ambition has remained the same; to be a responsible and reliable source of global energy, dedicated to maximizing the value of Abu Dhabi’s hydrocarbon resources, for the benefit of the nation and our customers.

Dr Sultan Ahmed Al Jaber
ADNOC Group CEO

 

 

2030 STRATEGY OVERVIEW