Browsing: ADNOC

Economic Boost Through ADNOC’s ICV Programme The Abu Dhabi National Oil Company (ADNOC) has announced…

The new target opens significant opportunities for local and international businesses to engage with ADNOC’s procurement pipeline, fostering investment in the UAE’s manufacturing and industrial sectors while creating jobs for Emiratis.

Shareholders of the German chemicals company Covestro have approved XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), to become its majority owner.

XRG, ADNOC’s international investment company for lower-carbon energy and chemicals, has partnered with BP to launch a new natural gas joint venture in Egypt, named Arcius Energy. BP holds a 51 per cent stake, while XRG owns 49 per cent. The partnership combines their technical expertise and development success to build a competitive gas portfolio.

The President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, has appointed a distinguished…

ADNOC has strengthened its partnership with Malaysia’s PETRONAS by finalising a second 15-year sales and purchase agreement (SPA) for liquefied natural gas (LNG) from the Ruwais LNG project. The agreement converts an earlier heads of agreement (HoA) into a binding deal, with PETRONAS set to procure one million tonnes per annum (mtpa) of LNG starting in 2028, upon the project’s commercial launch.

In a step forward for the UAE’s digital economy, the Ministry of Economy has signed…

President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting, held at ADNOC Headquarters. The board directed ADNOC to pursue Net Zero emissions by 2050, supporting the UAE’s strategic initiative.

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.

ADIPEC 2024, one of the world’s most influential energy events, concluded with a resounding success,…