Adnoc has focused on improving its performance, strengthening its agility, and reinforcing efficiency throughout its business, in addition to reducing costs
The transformation programme started over four years ago by Abu Dhabi National Oil Company (Adnoc) has helped the group to weather the tough 2020, says Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc Group CEO.
The group delivered strong operational and financial performance as a result of its resilience and the fact that it benefited from the transformation started over four years ago at the direction of the UAE leadership.
In an interview, Al Jaber said technology plays a key role in enabling Adnoc to maximise greater value from its assets and resources.
In the same vein, he said, technology is at the core of Adnoc's environmental peformance, a driving force of its ESG position and, as a national oil company, its contributions to the UAE’s sustainable development agenda.
Additionally, he said Adnoc's recognition as the most valuable brand in the UAE for the third consecutive year and its ranking among the Top 10 brands in the industry is testament to the efforts of Adnoc workers throughout 2020. 'We delivered strong operational and financial performance as a result of our resilience and the fact that we are benefiting from the transformation we started over four years ago at the direction of the UAE leadership.
'Over this period, we have focused on improving our performance, strengthening our agility, and reinforcing efficiency throughout our business. Most importantly, we have focused on reducing our costs and this will continue to be the case,' he added.
Commenting on Adnoc's strategy for long term sustainable growth, Al Jaber said the Adnoc brand is defined by the values of being collaborative, efficient, progressive, respectful, and responsible, which are underpinned by an unwavering focus on protecting health, safety and the environment (HSE). 'These attributes inspire the way we do business, guide our decision-making, and lay the foundation for our long-term growth.'
He concluded: 'Our commitment to our values as well as our focus on producing the world’s most cost-efficient and carbon-efficient barrels will ensure we continue to sustainably deliver energy to the world and drive value to the UAE for decades to come. They will also enable us to drive deeper connections and resonate with our partners, communities and stakeholders, increase Adnoc’s brand equity and strengthen our brand proposition.
