Media ININ Economy We Trust
MEDIA IN, Abu Dhabi, Oct 10, 2018 (WAM)
“There are promising opportunities for growth, expansion and investment in the oil and gas sector as a result of the continued rise in energy demand, especially in Asia’s high growth economies,” said Dr Sultan bin Ahmed Al Jaber, UAE Minister of State and Chief Executive Officer of ADNOC. This came during a speech at the thirty-ninth session of the “Oil and Finance Conference” organized by the “New York Times” and “Energy Intelligence” in London, which explained that the global demand for oil to record levels, and that by the end of this year The world will see a historic increase in the level of consumption of 100 million barrels of oil per day, faster than expected, and petrochemicals will become one of the largest engines of oil demand growth by 2050. ” He added that ADNOC believes in a positive outlook for the sector’s future and is keen to continue raising efficiency and intelligent capital management and taking full advantage of the growth opportunities available. “Our main objective in ADNOC is to reduce costs and increase value and economic return in various aspects and stages of business, from drilling platforms to marketing, trading and trading platforms. In 2016, we began to reduce operating expenses and focus on enhancing capital efficiency and attracting strategic investments to ensure that capital markets are maximized to meet our needs. We also seek innovative business partnerships that can deliver additional value that advances progress towards our ambitious growth plans , And contribute to the transfer of technology and knowledge and ensure access to new markets. “ADNOC will remain committed to meeting the growing global demand for hydrocarbon resources and will continue to be a reliable and reliable supplier of crude oil to the world’s energy markets for decades to come, positioning itself as one of the world’s largest oil and gas exporters.
