Chief Executive Officer of ADNOC: Keeping pace with increased demand for energy requires a focus on raising efficiency

MEDIA, Abu Dhabi, Jan 12, 2019 (WAM)
Dr. Sultan bin Ahmed Al Jaber, Minister of State and Chief Executive Officer of Abu Dhabi National Oil Company (ADNOC) and its group of companies, stressed the importance of ADNOC’s strategic partnership approach in line with the guidance of the wise leadership. Exploration, Development, Production, Refining and Petrochemicals. He stressed the need to focus on increasing operational efficiency and reducing costs. He pointed out that companies operating in the oil and gas sector must be flexible, accurate and responsive in order to balance the current conditions And long-term future growth in energy demand.
Speaking at the third session of the World Energy Forum of the Atlantic Council in Abu Dhabi, he addressed the interdependence between energy demand and global economic conditions. “The world is witnessing a boom from traditional centers to new areas at unprecedented rates, However, the fundamentals of economic growth remain solid and strong, even if there is a slowdown in the short term. ”
“By 2030, there will be three billion new consumers in the world, and as advanced technologies continue to advance human progress, energy demand will increase significantly in the coming decades,” he said. “Energy companies need to focus more on factors that can control Such as increasing operational efficiency, with preparedness to keep up with the expected increase in demand as the world enters the fourth industrial age. “