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ADNOC Group

🌎 adnoc.ae

ADNOC Group is one of the world's leading energy producers and a primary catalyst for Abu Dhabi’s growth and diversification. Operating across the entire hydrocarbon value chain, ADNOC is involved in exploration, production, storage, refining, and distribution, as well as the development of a wide range of petrochemical products. Since its establishment in 1971, ADNOC has played a significant role in the economic development of Abu Dhabi and continues to innovate in the energy sector while focusing on sustainability and lower carbon solutions.

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ADNOC Group - Latest News and Updates

• Covestro's board and supervisory board recommended shareholders accept ADNOC Group's takeover offer of 62 EUR per share.
• ADNOC Group signed a 10-year agreement with GAIL India Limited to supply up to 0.52 million metric tonnes of LNG annually starting in 2026.
• ADNOC Group halts its NewMed stake in Israel after the Gaza conflict and explores new opportunities in Cyprus.
• ADNOC Group has developed an AI-enabled ILMS solution to optimize vessel scheduling, created by their AI Lab.
• ADNOC Group partners with Microsoft, M42 Health, and the UAE to develop AI-powered solutions in training, health, energy, and mobility.

• ADNOC Group plans for ADNOC Gas to acquire a 60% stake in Ruwais LNG from ADNOC at an estimated cost of $5 billion in the second half of 2028, doubling its LNG processing capacity to 15.6 mtpa.
• ADNOC Group was honored for its ongoing support of community responsibility initiatives, reflecting its commitment to enhancing quality of life and sustainable development.
• On November 15, FAREED ALJABERI, Vice President at ADNOC Refining, praised the transformative ADNOC Culture Masterclass led by Dr. Othman Al Khoori.
• ADNOC Group's logistics and services division reported an 18% increase in Q3 net profit to $175 million.
• On November 12, 2024, ADNOC Group CEO Dr. Sultan Ahmed al Jaber attended the 29th Conference of the Parties to the UN Framework Convention on Climate Change in Baku.

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