While presiding over the meeting of the ADNOC Board of Directors, the President of the State confirms that the UAE continues in its pioneering role, contributing to ensuring global energy security and the sustainability of its supplies.

While presiding over the meeting of the ADNOC Board of Directors, the President of the State confirms that the UAE continues in its pioneering role, contributing to ensuring global energy security and the sustainability of its supplies.

His Highness stresses the importance of improving performance, raising efficiency, enhancing flexibility and developing human resources.
The Council directs “ADNOC” to strive to achieve climate neutrality by 2050 to support the state’s direction to achieve climate neutrality.
The Board adopts ADNOC’s strategy to accelerate growth in its various business areas and stages.
Within the updated strategy, “ADNOC” establishes a new sector for low carbon solutions and international growth that focuses on developing the company’s business in new energies, gas, liquefied natural gas, and chemical manufacturing.
Accelerate the goal of increasing production capacity to 5 million barrels of oil per day by 2027.
Announcing an increase in the UAE’s reserves to 113 billion barrels of oil and 290 trillion standard cubic feet of gas.
Incorporating ADNOC’s business in the fields of gas processing and liquefied natural gas, establishing the ADNOC Gas Company, and directing ADNOC to implement an initial public offering of a minority stake in the new company in the Abu Dhabi Financial Market next year.
The Board approves increasing ADNOC’s capital investments to 550 billion UAE dirhams (150 billion US dollars) for the next five years (2023-2027).
ADNOC’s commitment to redoubling efforts and its success in increasing the productivity of human cadres and increasing the Emiratisation rate by 15% during the past five years.
ADNOC’s In-Country Value Enhancement Program contributes to redirecting 35 billion dirhams to the local economy and creating an additional 2,000 job opportunities for citizens in the private sector during 2022, bringing the total to 5,000 jobs since the program began.
As part of the “Made in the UAE” initiative, ADNOC signed agreements this year aimed at creating local manufacturing opportunities for more than 100 products, worth 70 billion dirhams by 2030.

Abu Dhabi on November 28

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, “may God protect him”, affirmed that the UAE continues to enhance its position and pioneering role as a major contributor to ensuring global energy security and the sustainability of its supplies and an essential supporter of realistic and responsible transition efforts in the energy sector by keeping pace with the future and investing opportunities The task provided by this transformation.
This came during His Highness presiding over the annual meeting of the Board of Directors of the Abu Dhabi National Oil Company “ADNOC” today at the company’s headquarters in his capacity as Chairman of the Board.
The meeting was attended… Ahmed bin Ali Al Sayegh, Minister of State, Dr. Ahmed Mubarak Al Mazrouei, Member of the Executive Council and Head of the Office of the Chairman of the Abu Dhabi Executive Council, Khaldoon Khalifa Al Mubarak, Managing Director and CEO of Mubadala Investment Company, Jassim Mohammed Buatabah Al Zaabi, Member of the Executive Council and Head of the Department of Finance in Abu Dhabi, and HE Eng. Owaidah Murshid Al Marar Member of the Executive Council and Chairman of the Department of Energy in Abu Dhabi.
The Council directed ADNOC to strive to achieve climate neutrality by 2050 to support the country’s strategic initiative to achieve climate neutrality by 2050. The Council also approved ADNOC’s strategy to accelerate growth in all areas and stages of its business to responsibly meet the growing global demand for energy and support energy security Global.
As part of this strategy, ADNOC is establishing a new sector of Low Carbon Solutions and International Growth in ADNOC focused on growing the company’s business in new energies, gas, liquefied natural gas and chemical manufacturing.
His Highness Sheikh Mohamed bin Zayed Al Nahyan stressed the importance of the steps that ADNOC has taken to reduce carbon emissions, as it seeks to develop and expand its operations to meet the increasing global demand for energy, noting that ADNOC is adopting a comprehensive approach to sustainability that embodies the UAE’s commitment to consolidate its position as a global provider. Responsible for energy, and its efforts to enable the building of a more sustainable future.
His Highness pointed to ADNOC’s important role as a major catalyst for economic growth and diversification, contributing to enhancing and increasing the value of the country and creating more new economic and industrial opportunities for the private sector.
His Highness stressed the importance of continuing the same approach, improving performance, raising efficiency, enhancing flexibility and developing human resources. He also praised ADNOC’s efforts to support the national industry and the local product through the National Added Value Program and the Make in the Emirates initiative.
The Council reviewed the contribution of the “ADNOC” program to enhance the local added value this year in redirecting more than 35 billion dirhams (9.54 billion US dollars) to the local economy and creating an additional 2,000 job opportunities for citizens in the private sector.
With these achievements, the total value of the amounts that have been redirected to the local economy since the launch of the program in 2018 has increased to 140 billion dirhams (38 billion dollars). The number of UAE nationals who have been employed within the supply chain of the company’s operations has also increased to 5,000 citizens, since the start of the program. the program.
As part of the “Make in the UAE” initiative, ADNOC signed agreements this year in accordance with its procurement plan aimed at creating local manufacturing opportunities worth more than 25 billion dirhams (6.8 billion US dollars) with Emirati and international companies, in its quest to achieve its goal of manufacturing More than 100 local products worth 70 billion dirhams (US$19 billion) by 2030.
During the meeting, the Board also approved ADNOC’s plans to accelerate the implementation of the goal of increasing its production capacity of private oil