President Sheikh Mohamed bin Zayed Al Nahyan chaired ADNOC’s annual board meeting at its headquarters, where he approved the launch of XRG, a company focused on lower-carbon energy and chemicals. XRG aims to accelerate ADNOC’s global expansion and meet the rising demand for natural gas, chemicals, and low-carbon energy sources.
Sheikh Mohamed praised ADNOC’s international growth achievements and highlighted XRG’s role in delivering sustainable value for the UAE. The board endorsed ADNOC’s plan to inject AED 200B ($54.5B) into the UAE economy over five years through its In-Country Value (ICV) programme, which has already generated AED 55B ($15B) this year and created 5,500 private-sector jobs for Emiratis.
The board also reviewed ADNOC’s gas strategy, including the Ruwais LNG project, which will double LNG production to 15M tonnes per annum. Sheikh Mohamed toured ADNOC’s AI centre, where he saw advanced solutions like Robowell and ENERGYai, developed with AIQ, G42, and Microsoft.
Dr Sultan bin Ahmed Al Jaber, ADNOC’s CEO, highlighted ADNOC’s commitment to driving economic growth, adopting AI, and reducing emissions. The board reaffirmed ADNOC’s 2030 sustainability goals and net-zero target by 2045, with plans to cut carbon intensity by 25% and reduce methane emissions by 2030.
