ADNOC’s new strategy for expansion in refining and petrochemicals is receiving wide attention

Media In – Abu Dhabi 22 May 2018 WAM
Abu Dhabi National Oil Company (ADNOC) today announced that it has received significant interest from potential partners in new projects and initiatives as part of its refining and petrochemicals growth and expansion strategy announced recently at the Abu Dhabi Refinery and Petrochemicals Investment Forum, hosted by Abu Dhabi on May 13.
ADNOC plans to invest AED 165 billion to strengthen its position as a world leader in refining and petrochemicals, maximizing the value and economic return of every barrel of oil it produces for the benefit of the UAE, ADNOC and its partners and creating a range of opportunities for existing and new partners and investors.
ADNOC’s new strategy for refining and petrochemicals is a key part of the two-year qualitative shift that focused on value enhancement by increasing operational efficiency, improving performance, restructuring and enhancing the management of the company’s asset portfolio, and expanding strategic partnerships and joint investments.