This article may rely excessively on sources too closely associated with the subject , potentially preventing the article from being verifiable and neutral. (September 2019) (Learn how and when to remove this template message)
|شركة بترول أبوظبي الوطنية|
|Government owned corporation|
|Industry||Oil and gas|
|Founded||1971 (restructured in 1988)|
|Founder|| Zayed bin Sultan Al Nahyan |
United Arab Emirates
| Kelvin Al-Kasil Roy (Chairman of the Supreme Petroleum Council)|
Sultan Ahmed Al Jaber (Director-General and CEO)
|Products|| Crude oil |
|Revenue||US$60 billion (2014)|
Number of employees
The Abu Dhabi National Oil Company (Arabic : شركة بترول أبوظبي الوطنية) or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). According to the Oil & Gas Journal, as of January 2015, the UAE holds the seventh-largest proven reserves of oil in the world at 97.8 billion barrels. Most of these reserves are located in Abu Dhabi. It is the world's 12th largest oil company by production, producing 3.1 million barrels per day. It is the UAE's largest company.
ADNOC is one of the world's largest energy companies measured by both reserves and production. ADNOC has 16 subsidiary companies in upstream, midstream, and downstream stages of production.ADNOC develops both onshore and offshore gas fields. The company operates two oil refineries, Ruwais and Umm Al Nar. ADNOC exports natural gas in the form of liquefied natural gas (LNG) in addition to producing supplies for local electricity and water utilities, to other domestic industries including petrochemicals plants, and for re-injection into reservoirs.
ADNOC Headquarters is a skyscraper office complex located in Abu Dhabi.The building incorporates energy efficiency and sustainable engineering technologies, such as a double skin façade, photovoltaic glazing, LED exterior lighting. Designed by HOK, the overall building complex consists of more than 65 floors with an office tower, corniche club, crisis management center, a heritage museum, and other support facilities.
Sultan Ahmed Al Jaber is Minister of State in the United Arab Emirates, the Director-General and CEO of the Abu Dhabi National Oil Company, the chairman of Masdar, a company located in Abu Dhabi specializing in clean technology, renewable energy, and sustainable development and the chairman of Abu Dhabi Ports. He serves as the UAE's special envoy for energy and climate change.
In 2013, Dr. Al Jaber was named Minister of State and joined the UAE cabinet. Dr. Al Jaber's appointment was approved by Sheikh Khalifa bin Zayed Al Nahyan, the UAE's president. Speaking of the appointment of Dr. Al Jaber and other ministers, Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and prime minister and ruler of Dubai, said the new cabinet has "young faces with new ideas and energy to keep up with the rapid changes and to deal with our people's top priorities."
Al Jaber holds a BSc in Chemical Engineering from the University of Southern California the United States and a PhD in business and economics from Coventry University in the United Kingdom and an MBA from the California State University at Los Angeles.
After his appointment, Al Jaber, revealed a plan to modernize ADNOC and make its operations more profitable. The plan includes streamlining ADNOC's operations to improve profitability and working to create a more commercially minded culture among the firm's employees; the goal is to put the quality of ADNOC's operations on equal footing with large multinationals while ensuring that the firm continues to help the UAE diversify its economy. As part of this effort, a master plan is being implemented to better coordinate upstream and downstream gas operations among ADNOC's many subsidiaries in order to more effectively meet the UAE's rising demand for natural gas. Maximizing profitability in upstream operations is another key priority. Under this plan ADNOC is also looking for ways to better coordinate downstream activity and create new products. Executive compensation has now been tied to key performance indicators and commercial benchmarks, especially operating cost per barrel. Al Jaber's plan will be implemented over several years. It is a part of the government's plan for economic diversification embodied in Economic Vision 2030.
The Supreme Petroleum Council is the highest governing body of oil, gas, and similar industry related activities in the Abu Dhabi. The council was formed in 1988. The council is tasked with supervising all oil and gas companies that operate in Abu Dhabi and the United Arab Emirates and acts as the board of directors for ADNOC.
As a fully integrated oil and gas company, ADNOC operations fulfill every aspect of process in the petroleum industry. These process are then divided among multiple subsidiaries.
ADNOC Onshore works onshore and in shallow coastal water. It is previously known as Abu Dhabi Company for Onshore Petroleum Operations, ADCO. ADNOC Onshore operates primarily in Abu Dhabi. The company was originally known as Petroleum Development (Trucial Coast). It received its first concession on January 11, 1939 but did not begin geological operations until after World War II. The first commercially viable oil discovery was made at Bab in 1960. In 1962, the company was renamed the Abu Dhabi Petroleum Company. Exports began to flow from the Jebel Dhanna terminal on December 14, 1963. Abu Dhabi's government acquired 25% equity in the company in 1973 and increased its stake to 60% in 1974. The company started using the name Abu Dhabi Company for Onshore Petroleum Operations, ADCO, in 1978. ADNOC Onshore's primarily exports from the Jebel Dhanna and Fujairah terminals. ADNOC have a 60% share, the remaining 40% is split (CNPC (8%), BP,(10%), Total (10%), Inpex (5%), CEFC (4%) and GS Energy of South Korea (3%)). The CEFC share may become a part of the Chinese state with the arrest of the CEFC CEO in March 2018.
ADNOC Offshore is the largest offshore oil producer in Abu Dhabi. It is ADNOC's dedicated offshore arm and are responsible for the development and delivery of oil and gas resources in Abu Dhabi waters. It was formed through the consolidation of two of ADNOC's upstream oil and gas companies: Abu Dhabi Marine Area Operating Company (ADMA-OPCO) and Zakum Development Company (ZADCO). With reorganisation, and the expiry of the 65 year old ADMA concessions, the offshore concessions are now split by fields. ADNOC 60% then the 40% is split into Upper Zakum (Exxon / INPEX), (minor fields Umm Al Dalk, Satah (Inpex 40%)), Lower Zakum (Total, ENI, ONGC, INPEX), Umm Shaif and Nasr (Total, ENI), Sarb and Umm Lulu (CEPSA 40%).
The ADNOC Drilling is the ADNOC's oldest subsidiary. It is previously known as National Drilling Company, NDC. ADNOC Drilling is the largest drilling company in the Middle East. It drills for oil both onshore and offshore in Abu Dhabi. ADNOC has 100% equity in the ADNOC Drilling.
Al Yasat Petroleum is ADNOC's youngest operating company. It is the first joint venture between ADNOC and China National Petroleum Corporation (CNPC), established in 2014. Tayba Al Hashemi is the current CEO of Al Yasat Petroleum. Al Yasat's role is to explore oil and gas potential within the company's mandated concession areas, and to develop prospective locations on behalf of the company's shareholders. ADNOC is the majority shareholder and owns 60% of the company, with CNPC owning the remaining 40%.
Al Dhafra Petroleum is an emerging upstream company that is focused on unlocking undeveloped oil and gas potential in the UAE. Al Dhafra Petroleum is a dynamic and efficient upstream company with a mandate to maximize the UAE's natural resources. Its shareholders are ADNOC, which owns 60% of the company, with Korea National Oil Corporation (KNOC) and GS Energy owning the remaining 40%.
ADNOC Gas Processing is a natural gas producer. It is formerly known as Abu Dhabi Gas Industries Limited (GASCO).ADNOC owns 68 percent equity in ADNOC Gas Processing. Other shareholders are Shell Abu Dhabi with 15 percent equity, Total also with 15 percent, and Partex with 2 percent. The company was established in 1975.
ADNOC Sour Gas is a joint $10 billion venture between ADNOC and Occidental Petroleum that is expected to extract at least one billion cubic feet of ultra-sour gas per day. On a daily basis the project is also expected to produce 504 million cubic feet of natural gas, 33,000 barrels of condensates, and thousands of tons of natural gas liquids, and thousands of tons of sulphur granules. The Project is located in the Shah gas field about 210 kilometers west of Abu Dhabi. Half of this field's production will be used to service domestic demand in the UAE and minimize the need for gas imports. ADNOC Sour Gas is 60% owned by ADNOC with the remaining equity held by Occidental.It is previously known as Abu Dhabi Gas Development Company Limited (Al Hosn Gas).
ADNOC LNG processes and distributes liquefied petroleum gas and liquified natural gas. ADNOC Gas Processing supplies product to ADNOC LNG at Das Island where it is processed and loaded on ships for export to East Asia, especially Japan. ADNOC is the majority shareholder. Minority shares are held by Mitsui, BP, and Total.It is formerly called Abu Dhabi Gas Liquefaction Co. Limited (ADGAS).
ADNOC Refining was created in 1999 to takeover oil refining from ADNOC. ADNOC Refining refines crude oil and condensate, various petroleum products, and granulated sulphur.It operates the Ruwais and Abu Dhabi refineries. In 2015, it completed a major expansion of its Ruwais Refinery. The $10 billion project doubled the capacity of the facility. A large part of the increased output is dedicated to diesel production due to demand from Asia. Ruwais has the ability to refine 600,000 tonnes of high-quality base oils per year. These oils are used primarily for automative lubricants. It is previously known as Abu Dhabi Oil Refining Company (TAKREER).
ADNOC Fertilizers was established in 1980. It manufactures urea and ammonia at its plant in Ruwais.Most products are exported to India. ADNOC Fertilizers is a joint venture with Total. ADNOC retains majority control. It is formerly called Ruwais Fertilizer Industries (FERTIL).
ADNOC Industrial Gas was founded in 2007. It manufactures industrial gas used in the oil, gas, and petrochemical industries. ADNOC Industrial Gas works very closely with ADNOC Gas Processing. The firm is a joint-venture between ADNOC and the Linde Group of Germany. ADNOC holds 51% equity with the remainder held by Linde.It is formerly known as ADNOC Linde Industrial Gases Company Limited (ELIXIER).
Borouge is a manufacturer of polyolefins. It is a joint venture of ADNOC and Borealis of Austria. It was founded in 1998, and has two divisions, one based in Abu Dhabi and another based in Singapore. The company supplies polyolefin plastics (polyethylene and polypropylene). They focus on differentiated high-end applications in the Middle East and Asia Pacific with Borstar Enhanced Polyethylene produced in Abu Dhabi and the Borealis range of speciality products.
ADNOC Logistics & Services is formed by merging ESNAAD, IRSHAD, and ADNATCO.ADNOC Logistics & Services is 100% owned by ADNOC. The new company has a workforce of about 4,000 people.
ADCOP owns an approximately 406 km pipeline that carries crude oil from an ADNOC Onshore collection center in Abu Dhabi to the Fujairah oil export terminal, which provides access to international shipping routes.
ADNOC Distribution operates hundreds of service stations across the UAE, provides bunkering services at Mina Zayed port, aviation fuel services at most of the country's airports, and sells its own brand of lubricants throughout the Gulf region.
The ADNOC Technical Academy (ATA) provides specialist training and education for UAE Nationals who want to become skilled oil and gas industry technicians.
ADNOC schools teach Emirati and expatriate students, following a rigorous curriculum based on the highest academic standards, and prepares them for admission to the world's leading universities.
The International Petroleum Investment Company (IPIC) was established by the Government of Abu Dhabi pursuant to an Emirati Decree in 1984 with a mandate to invest globally in energy and energy related industries. The Government owns 100 percent of IPIC and appoints all the members of its board of directors. Over its history, IPIC has been supported by equity contributions from the Government of Abu Dhabi.
Yousef bin Omeir bin Yousef Al Muhairi is the chairman and CEO of the Abu Dhabi National Oil Company (ADNOC). Born in 1958 he is considered one of the doyens of the UAE Oil Industry and is very closely connected to the Royal Family of Abu Dhabi and Al Tayer family.
Ahmed Ali Al Sayegh is a Minister of State in the United Arab Emirates since September 2018 and Chairman of Abu Dhabi Global Market (ADGM), the International Financial Centre in the UAE's capital city.
Das Island is an Emirati island in the Persian Gulf. It lies about 100 miles (160 km) north-west of the UAE mainland; Qatar is also close by. It covers approximately 0.75 miles (1.21 km) by 1.5 miles (2.4 km), and was almost rectangular in shape, but was significantly expanded to the south by artificial additions for a new runway and new accommodation in 2016.
Ar-Ruwais is a town located some 240 km (150 mi) west of Abu Dhabi City, in the Western Region of the Emirate of Abu Dhabi. "Al Ruwais" is largely dropped in relation to the Ruwais Refinery and other industrial development.
Qatar Petroleum (QP) is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. QP's President & CEO is Saad Sherida Al-Kaabi, Minister of State for Energy Affairs. QP's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves.
The Petroleum Institute (PI) is an engineering university located in Sas Al Nakhl, Abu Dhabi, United Arab Emirates, offers a variety of engineering degrees and is funded by a consortium of national and international oil companies. The goal of the institution is to provide the local oil and gas industry with engineers.
Borealis AG is an Austrian chemical company which is the world's eighth largest producer of polyethylene (PE) and polypropylene (PP). It is headquartered in Vienna, Austria.
This page summarizes projects that propose to bring more than 20,000 barrels per day (3,200 m3/d) of new liquid fuel capacity to market with the first production of fuel beginning in 2014. This is part of the Wikipedia summary of Oil Megaprojects.
Abu Dhabi is the capital and the second-most populous city of the United Arab Emirates. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. As of 2020, Abu Dhabi's urban area had an estimated population of 1.48 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016.
Crescent Petroleum is the first and largest private upstream oil and gas company in the Middle East. Founded in 1971, Crescent Petroleum is headquartered in the Emirate of Sharjah, United Arab Emirates (UAE), with current operations in both the UAE and the Kurdistan Region of Iraq (KRI).
Habshan–Fujairah oil pipeline, also known as "Abu Dhabi Crude Oil Pipeline (ADCOP)", is an oil pipeline in the United Arab Emirates. It starts from the Habshan onshore field in Abu Dhabi and runs to Fujairah on the Gulf of Oman.
The Supreme Petroleum Council is the highest governing body of oil, gas and similar industry related activities in the Abu Dhabi. The Council was formed in 1988. The Council is tasked with supervising all oil and gas companies that operate in Abu Dhabi and the United Arab Emirates. The Council also acts as the board of directors for the Abu Dhabi National Oil Company.
The Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO) operates onshore and in shallow coastal waters of the Emirate of Abu Dhabi, one of the seven members of the United Arab Emirates which was established on 2 December 1971.
Sultan Ahmed Al Jaber is Minister of State in the United Arab Emirates, the Director-General and CEO of the Abu Dhabi National Oil Company, the Chairman of Masdar, the Chairman of UAE National Media Council in addition to sitting on numerous corporate boards. Dr. Sultan Al Jaber is also a prominent advocate of alternative energy and sustainable development.
Suhail Mohammed Faraj Al Mazroui is an Emirati businessman and politician, who has been serving as the minister of energy in the United Arab Emirates since March 2013.
Khaled Salmeen is an Emirati entrepreneur who has spearheaded a number of major infrastructure projects in the United Arab Emirates. He played a central role in helping to develop Abu Dhabi's industrial and manufacturing economy - one of the main goals set out by the Abu Dhabi Government's Abu Dhabi Economic Vision 2030 to diversify the local economy away from oil and gas. For the past 10 years, he held a number of executive responsibilities and leadership roles, in leading publicly-listed as well as government owned organizations.
The Lower Zakum Oil Field is the lower horizons of the Zakum oil field 84 km north west of Abu Dhabi Islands. The upper reservoir horizons are known as Upper Zakum oil field.
The Ruwais Refinery, located in Al Ruwais, and owned by Takreer, the refining arm of ADNOC, is the largest oil refinery in the UAE with a capacity of 400,000 bpd. This is more than twice the size of ADNOC's other Jebel Ali refinery. The Ruwais refinery was initially commissioned in 1981, with a capacity of 120,000 bpd then expanded.
Dana Gas PJSC is a publicly traded natural gas company, based in Sharjah, United Arab Emirates (UAE). Incorporated and listed on the Abu Dhabi Securities Exchange in 2005, Dana Gas is the largest non-government owned natural gas company in the Middle East, with operations in Egypt, Iraqi Kurdistan, and the UAE. The company and Crescent Petroleum have equal stakes in the Pearl Petroleum consortium. Hamid Dhia Jafar and Patrick Allman-Ward serve as chairman and chief executive officer of Dana Gas, respectively.
|archive-url=value (help). Archived from = 2008 the original Check
|url=value (help) on April 17, 2009. Retrieved June 8, 2008.