Abu Dhabi National Oil company (ADNOC) said on Tuesday it had identified 70 billion dirhams ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. The Abu Dhabi National Oil Company (ADNOC) has signed agreements for local manufacturing opportunities worth $5.7 billion (AED21 billion) with UAE and international companies.
The Minister of Industry and Advanced Technology and the ADNOC managing director and group CEO, Dr. Sultan bin Ahmed Al Jaber, said: “ADNOC is reinforcing its role as a critical engine for the UAE’s industrial growth as we expand our operations to responsibly cater for the world’s growing energy demand. ADNOC aims to purchase these products between 2022 and 2023. The company said that the local opportunities include over 100 products to be utilized across ADNOC’s full value chain as it expands its operations to cater to growing global energy demand.
“In line with the UAE Leadership’s wise directives and our national industrial strategy, ADNOC is creating multiple long-term domestic manufacturing opportunities for the private sector, through our robust procurement pipeline.” Dr. Al Jaber added: “We invite local and international manufacturers to take advantage of these opportunities and join the UAE in our industrial growth journey as we strengthen the resilience of our supply chains, enhance economic self-sufficiency and deliver lasting value.”
“Adnoc is reinforcing its role as a critical engine for the UAE’s industrial growth as we expand our operations to responsibly cater to the world’s growing energy demand,” said Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive. Adnoc plans to spend $127bn in capital expenditure to bolster its upstream production capacity and downstream portfolio, as well as its low-carbon fuels business and clean energy ambitions.
Agreements signed by Adnoc include a strategic collaboration agreement with India’s Intech Organics to explore manufacturing calcium and sodium bromide in the UAE for the first time. The company also concluded framework agreements with Schlumberger and Independent Technical Services (ITS) on local manufacturing and assembly of electric submersible pumps and their components.
The products identified with local manufacturing potential are spread over drilling, mechanical and heating ventilation and airconditioning (HVAC), technology, piping, fittings, and valves, electric submersible, instruments, control, and telecom, maintenance, repair, and operations, chemicals, electrical, and offshore architecture.
The company has registered expressions of interest with more than 20 investors in the Ta’ziz Light Industrial and Services Zones at the Make it in the Emirates Forum. The Ta’ziz Light Industrial and Services Zones will house an ecosystem that will convert the chemicals produced in the Ta’ziz Industrial Chemicals Zone into consumable products and host companies providing industrial services to Ta’ziz and the Ruwais Industrial Complex.
