Tag: ADNOC

Energy, Oil & Gas

Adnoc expands downstream projects to boost UAE manufacturing

Adnoc is accelerating Ruwais’ industrial transformation through AED200 billion ($55 billion) in planned project awards for 2026-2028, expanding downstream investments, strengthening In-Country Value, and supporting the UAE’s Make it in the Emirates industrial growth initiative. ...

Energy, Oil & Gas

ADNOC becomes first partner to back UAE's new industrial fund

The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF)....

Energy, Oil & Gas

Adnoc unveils five initiatives to strengthen UAE industrial capacity

Adnoc launched its Industrial Resilience Programme at the ‘Make it in the Emirates’ forum, unveiling five initiatives to strengthen UAE supply chains, boost local manufacturing, enhance business continuity and build sustainable industrial capacity across sectors....

Energy, Oil & Gas

Arcius Energy invests $500m to develop Harmattan gas field

Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand. ...

Energy, Oil & Gas

Adnoc, OMV announce executive leadership for Borouge Group

Adnoc and OMV announced the executive leadership team and Supervisory Board of Borouge Group International, a global polyolefins champion to be formed through the combination of their shareholdings in Borouge and Borealis, followed by the acquisition of NOVA Chemicals....

Energy, Oil & Gas

Weaponising Strait of Hormuz is economic terrorism, says ADNOC chief

Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG....

Energy, Oil & Gas

Adnoc, OMV forge ahead with big Borouge Group International merger

Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi. ...

Energy, Oil & Gas

Adnoc ensures continuity of operations amid regional developments

Adnoc confirms ongoing operations amid regional disruptions, activating safety protocols, managing offshore production, using alternative export routes, maintaining onshore activities, and proactively communicating with customers to ensure supply continuity and protect people, assets, and facilities....

Energy, Oil & Gas

Adnoc Group's listed companies report $51.8bn in revenues for 2025

Adnoc Group’s listed companies posted record 2025 results, sustaining momentum across its integrated value chain and delivering on growth and shareholder commitments outlined at its October Investor Majlis. The six firms generated AED190.1 billion ($51.8 billion) in revenue, AED61.3 billion EBITDA, and AED35.8 billion net profit. ...

Energy, Oil & Gas

Adnoc, RWE strengthen European LNG collaboration

Adnoc and RWE Supply & Trading (RWE) announced a strategic collaboration to explore LNG supply of up to 1 mtpa to Germany and Europe for up to 10 years. The agreement also includes potential cooperation in LNG trading, regasification, and broader opportunities across the gas and LNG value chain....

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

Adnoc, Taqa announce 27-year utilities agreement with Ta’ziz

Adnoc and Abu Dhabi National Energy Company (Taqa), announced the signing of a 27-year utilities purchase agreement to supply critical utilities to the Ta’ziz Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi....

Energy, Oil & Gas

McDermott lands EPCI contract for key Abu Dhabi gas project

McDermott, a leading provider of engineering and construction solutions to the energy industry, has announced that it has secured a major EPCI contract (in the range of $750 million to $1 billion) from Adnoc for its Nasr-115 Expansion Project, located 130km northwest of Abu Dhabi. ...

Energy, Oil & Gas

Reliable partnerships key amid rising global energy demand: Dr Al Jaber

Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of Adnoc, said reliable partnerships are the real strategic reserve, urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand. ...