ADNOC is the state-owned oil company of the Emirate of Abu Dhabi and is one of the world's largest oil producers by volume. Special Report. Under this plan ADNOC is also looking for ways to better coordinate downstream activity and create new products. It was founded in 1998, and has two divisions, one based in Abu Dhabi and another based in Singapore. P.O. [3] It is the world's 12th largest oil company by production,[4] producing 3.1 million barrels per day,[5][6] with plans to increase production capacity to 4 million bpd by the end of 2020. [17][18], Singapore's sovereign wealth fund GIC completed a deal with ADNOC in May 2019 that gives GIC a 6% share in ADNOC's pipeline infrastructure. Abu Dhabi National Oil Company (ADNOC) announced on Wednesday the signing of an exploration concession agreement with Occidental, a US-based international oil and gas major. ADNOC Drilling is the largest drilling company in the Middle East. [41], ADNOC Gas Processing is a natural gas producer. Abu Dhabi National Oil Company (ADNOC) explores and produces petrochemical products. Der Hauptsitz des Unternehmens ist der im Jahr 2015 fertiggestellte, 335 Meter hohe Wolkenkratzer ADNOC Headquarters in Abu Dhabi. A large part of the increased output is dedicated to diesel production due to demand from Asia. ADNOC is one of the world’s leading energy producers. Home; Company Guide; Our Business; Company Profile; Vacancy in ADOC; Information 08 Nov. 2017 information The Commencement of Hail Oil Field Production 10 Jun. [38][39], Al Yasat Petroleum is ADNOC's youngest operating company. [55][45], ADNOC Logistics & Services is formed by merging ESNAAD, IRSHAD, and ADNATCO. Abu Dhabi National Oil Company for Distribution PJSC is a United Arab Emirates based company. 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. Minority shares are held by Mitsui, BP, and Total. Its shareholders are ADNOC, which owns 60% of the company, with Korea National Oil Corporation (KNOC) and GS Energy owning the remaining 40%. Non-Rating Action Commentary / Tue 12 Nov, 2019. [50] In 2015, it completed a major expansion of its Ruwais Refinery. Office Address. [34][35] In December 2018 ADNOC transferred China Energy’s stake in onshore to China ZhenHua Oil Company, awarding the company a 4% stake. Tayba Al Hashemi is the current CEO of Al Yasat Petroleum. About Abu Dhabi National Oil Company (ADNOC) Founded in 1971, ADNOC is a major diversified group of energy and petrochemical companies. ADNOC Refining refines crude oil and condensate, various petroleum products, and granulated sulphur. It is the UAE's largest company. Dr. Al Jaber's appointment was approved by Sheikh Khalifa bin Zayed Al Nahyan, the UAE's president. Half of this field's production will be used to service domestic demand in the UAE and minimize the need for gas imports. The firm is a joint-venture between ADNOC and the Linde Group of Germany. The deal is valued at $600 million. [32], The Supreme Petroleum Council is the highest governing body of oil, gas, and similar industry related activities in the Abu Dhabi. [14], A joint venture between ADNOC and holding company ADQ was launched in July 2020 to invest in chemicals projects in the planned Ruwais Derivatives Park. Tel : +971 2 7070000. The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM to pilot a blockchain supply chain system, according to an ADNOC press release published on Dec. 9. Es wird seit 2016 von Sultan Ahmed Al Jaber geleitet.[3]. [11][12][13], In November 2019 ADNOC received approval from the emirate’s Supreme Petroleum Council to list its flagship Murban crude oil as a futures contract on an international stock exchange. Box 898, Abu Dhabi - UAE. Mai 2019 um 12:19 Uhr bearbeitet. 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. [59] The new company has a workforce of about 4,000 people. With reorganisation, and the expiry of the 65-year-old ADMA concessions, the offshore concessions are now split by fields. ADNOC Fertilizers was established in 1980. View the latest Abu Dhabi National Oil Co. for Distribution PJSC (ADNOCDIST) stock price, news, historical charts, analyst ratings and financial information from WSJ. ADNOC ist ein staatseigenes Unternehmen mit über 90 Prozent Anteil an den landesweiten Erdöl- und Erdgasreserven des Landes. ADNOC operates numerous companies with different functions, including exploration and production; processing and refining; marketing and distribution. The company was originally known as Petroleum Development (Trucial Coast). 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. [29], In 2013, Dr. Al Jaber was named Minister of State and joined the UAE cabinet. What Investors Want to Know - EMEA Oil and Gas (Questions from Recent Investor Discussions) Fitch Wire / Wed 15 Apr, 2020. [19][20], ADNOC Headquarters is a skyscraper office complex located in Abu Dhabi. Fitch Publishes Abu Dhabi National Oil Company's 'AA' First-Time IDR; Outlook Stable. The Lubes segment offers Automotive Lubrificants, Industrial … Al Dhafra Petroleum is a dynamic and efficient upstream company with a mandate to maximize the UAE's natural resources. [38] It is formerly known as ADNOC Linde Industrial Gases Company Limited (ELIXIER). Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output. 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. The Abu Dhabi National Oil Company was established in 1971 in Abu Dhabi. [28] He serves as the UAE's special envoy for energy and climate change. Abu Dhabi's government acquired 25% equity in the company in 1973 and increased its stake to 60% in 1974. ADNOC abbreviation for Abu Dhabi National Oil Company which is now to be considered a “Supermajor Oil and Gas Company” in the UAE. Sheikh Khalifa bin Zayed Al Nahyan who is the President of UAE and Ruler of Abu Dhabi. Box : 898. EMEA O&G Adapt to Low Oil Prices. The Lubes segment, Gas segment, Aviation segment, Marine segment, Rahal for fleets segment, and Fuels segment. ADNOC’s activities include exploration and production of crude oil and natural gas; refining, marketing, supply and transportation, and the manufacture and distribution of petrochemicals. Adnoc produces most of the oil in the United Arab Emirates, OPEC’s third-largest producer. [2] Most of these reserves are located in Abu Dhabi. [62], 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. ADNOC Onshore's primarily exports from the Jebel Dhanna and Fujairah terminals. Abu Dhabi National Oil Company (arabisch شركة بترول أبوظبي الوطنية; ADNOC) ist ein Unternehmen aus den Vereinigten Arabischen Emiraten mit Sitz in Abu Dhabi. We take great pride in being a registered and qualified potential supplier in all ADNOC (Abu Dhabi National Oil) TAZWEED is an ICV certified company. ADNOC is the only overseas company so far that has crude stored in Indian caverns. Most of these reserves are located in Abu Dhabi. British man tried to sell cocaine to undercover Dubai Police officer, court hears. [38], The ADNOC Technical Academy (ATA) provides specialist training and education for UAE Nationals who want to become skilled oil and gas industry technicians. [47], ADNOC LNG processes and distributes liquefied petroleum gas and liquified natural gas. Dubai labourer stabbed co-worker 11 times after being dropped from repatriation list. 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. These oils are used primarily for automative lubricants. The award of the exploration rights for Abu Dhabi Onshore Block 5 has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC), state news agency WAM reported. Murban is a highly prized grade of crude oil that accounts for about half of the UAE’s total oil output of about 3 million barrels per day. Abu Dhabi National Oil Company - PPA, P.O. 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). Als staatseigenes Unternehmen wird das Unternehmen vom Supreme Petroleum Council, das 1988 gegründet wurde, kontrolliert. [8][6][9], ADNOC is one of the world's largest energy companies measured by both reserves and production. [31], After his appointment, Al Jaber, revealed a plan to modernize ADNOC and make its operations more profitable. [46][45] It is previously known as Abu Dhabi Gas Development Company Limited (Al Hosn Gas). [37], The ADNOC Drilling is the ADNOC's oldest subsidiary. It received its first concession on January 11, 1939 but did not begin geological operations until after World War II. ADNOC gehört zu den weltweit größten Erdölproduzenten. The first commercially viable oil discovery was made at Bab in 1960. Its 2019 Fitch-calculated net consolidated upstream production, including condensate, averaged 3.2 million barrels of oil equivalent per day (mmboepd), comparable to the upstream output of global integrated companies, such as Shell (AA-/Stable, 3.4mmboepd, … Tazweed Projects Division provides optimized solutions and designs supported by delivery of outstanding quality coupled with on-time on-budget performance. Other shareholders are Shell Abu Dhabi with 15 percent equity, Total also with 15 percent, and Partex with 2 percent. Our Products. [27] He was appointed the chairman of the Board of Directors of the Emirates Development Bank in September 2020. 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). The Abu Dhabi National Oil Company is the state-owned oil company of Abu Dhabi and the principle catalyst for the Emirate’s development. It is the first joint venture between ADNOC and China National Petroleum Corporation (CNPC), established in 2014. [38] It is formerly called Abu Dhabi Gas Liquefaction Co. Limited (ADGAS).[48]. ADNOC is the majority shareholder. [15], Major investments were made to ADNOC in 2019 by US asset managers BlackRock and KKR Global and Italian investment firm Eni SpA. [36], ADNOC Offshore is the largest offshore oil producer in Abu Dhabi. In 1962, the company was renamed the Abu Dhabi Petroleum Company. The company supplies polyolefin plastics (polyethylene and polypropylene). [56][57][58] ADNOC Logistics & Services is 100% owned by ADNOC. It manufactures urea and ammonia at its plant in Ruwais. As of November 2019, the UAE holds the sixth-largest proven reserves of oil in the world at 105 billion barrels. ADNOC Refining was created in 1999 to takeover oil refining from ADNOC. 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. The company operates two oil refineries, Ruwais and Umm Al Nar. Abu Dhabi. ADNOC will have a 60% stake while ADQ will hold a 40% share. [1], Das Unternehmen wurde 1971 von Sheikh Khalifa bin Zayed Al Nahyan gegründet[2] und 1988 restrukturiert. [44][45], 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. Senior Internal Auditor (UAE National) Senior Internal Auditor (UAE National) Abu Dhabi, AE Dec 14, 2020 Abu Dhabi, AE ADNOC HQ: Dec 14, 2020 Specialist, Downstream Communications - UAE Nationa. The Project is located in the Shah gas field about 210 kilometers west of Abu Dhabi. ADNOC is maximising value from its reserves and operations, and helping … 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. It manufactures industrial gas used in the oil, gas, and petrochemical industries. Mitglieder dieses Kontrollorgans sind: ADNOC hat verschiedene Tochterunternehmen[4]: http://www.data360.org/dsg.aspx?Data_Set_Group_Id=1491/ (Link nicht abrufbar), https://www.adnoc.ae/en/about-us/our-history, https://de.wikipedia.org/w/index.php?title=Abu_Dhabi_National_Oil_Company&oldid=188696756, Unternehmen (Vereinigte Arabische Emirate), Energiewirtschaft (Vereinigte Arabische Emirate), „Creative Commons Attribution/Share Alike“, Sheikh Khalifa bin Zayed Al Nahyan, Vorsitzender. EDUCATION. 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. Group Company: Date (M/d/yy) Reset. +971 2 602 1600 Email ruwaispc@adnoc.ae. [53], ADNOC Industrial Gas was founded in 2007. It offers its services through six main segments. It is formerly known as Abu Dhabi Gas Industries Limited (GASCO). [10] ADNOC develops both onshore and offshore gas fields. ADNOC gehört zu den weltweit größten Erdölproduzenten. Abu Dhabi National Oil Company (ADNOC) was established in 1971 to operate in all areas of the oil and gas industry and since then has steadily broadened its activity in establishing companies and subsidiaries and creating an integrated oil and gas industry in the fields of exploration and production, support services, oil refining and gas . [54], Borouge is a manufacturer of polyolefins. ADNOC Industrial Gas works very closely with ADNOC Gas Processing. [60], 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. Fitch Ratings-Moscow-17 December 2020: Fitch Ratings has affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at 'AA' +971 2 602 1700 Email pparuwais@adnoc.ae. [61], 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. ADNOC Fertilizers is a joint venture with Total. The US firms acquired about 40% of ADNOC's pipeline assets for about $4 billion while Eni SpA took a 20% stake in Abu Dhabi Oil Refining Company for over $3 billion. The Company is engaged in the marketing and distribution of petroleum products. ADNOC has 16 subsidiary companies in upstream, midstream, and downstream stages of production. ADNOC holds 51% equity with the remainder held by Linde. It is a government owned company which came to begin in operation in the year of 1971 with the guidance and support of H.H. "[30], 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. Al Jaber's plan will be implemented over several years. [16] Austria's OMV also invested about $2.8 billion, about 15% in ADNOC's refining business in partnership with Eni SpA. Fax 1: +971 2 6023389. 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%)). Official Web site of ABU DHABI OIL CO.,LTD. ADNOC is the majority shareholder and owns 60% of the company, with CNPC owning the remaining 40%. Mechanical Equipment. Saudi Aramco is committed to $44-bn Ratnagiri refinery-cum-petrochemicals complex: Project CEO ADNOC Sour Gas is 60% owned by ADNOC with the remaining equity held by Occidental. 03 Insights. ADNOC ist ein staatseigenes Unternehmen mit über 90 Prozent Anteil an den landesweiten Erdöl- und Erdgasreserven des Landes. It produces about three million barrels of oil and 10.5 billion cubic feet of raw gas each day. ADNOC retains majority control. Ruwais Port Control Room Outside office hours, the Harbour Master can be contacted through the Port Control. 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). The UAE’s oil reserves are mostly located in Abu Dhabi which produces 3.1 million barrels per day. Exports began to flow from the Jebel Dhanna terminal on December 14, 1963. Listed on the Abu Dhabi Securities Exchange (ADX), TAQA is an international energy and water company operating in 11 countries across four continents. 2015 information Winning"The HSE Performance Award"from ADNOC 01 Jul. It drills for oil both onshore and offshore in Abu Dhabi. It is previously known as National Drilling Company, NDC. It is the world's 12th largest oil company by production, producing 3.1 million barrels per day. Abu Dhabi court jails six money launderers and imposes fines of Dh160m. [40], Al Dhafra Petroleum is an emerging upstream company that is focused on unlocking undeveloped oil and gas potential in the UAE. [21] The building incorporates energy efficiency and sustainable engineering technologies, such as a double skin façade, photovoltaic glazing, LED exterior lighting. ADNOC is the UAE’s state-owned oil company. Electrical Equipment. 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