November 26, 2014 11:35 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Abu Dhabi National Oil Company

Company Overview

Abu Dhabi National Oil Company operates a group of energy and petrochemical companies that engage in finding, producing and marketing natural resources. Its activities include the exploration, development, production, and export of crude oil and natural gas; oil refining and gas processing; the manufacture of petrochemicals, fertilizers, ammonia, urea, mud chemicals, specialty chemicals, polyethylene, and polypropylene; the operation of offshore and onshore drilling rigs, petroleum ports, tugs, pilot boats, a dive support vessel, and a maintenance barge; and the transportation of crude oil, refined products, and liquefied natural gas. The company also provides support services, such as berth...

P.O. Box 898

Abu Dhabi,  

United Arab Emirates

Founded in 1971

Phone:

971 2 6020000

Fax:

971 2 6023389

Key Executives for Abu Dhabi National Oil Company

Chief Executive Officer and Secretary General of the Supreme Petroleum Council
Director General and Member of The Supreme Petroleum Council
Compensation as of Fiscal Year 2014.

Abu Dhabi National Oil Company Key Developments

Abu Dhabi National Oil Company Renews Japanese Storage Deal for Three Years

Abu Dhabi National Oil Co. has renewed a crude storage lease with the Japanese government that will see the Mideast crude supplier storing 1 million kiloliters (6.29 million bbl) of crude oil in Japan for three years, with the option to extend for two more years.

State-Owned Firms Interested In Investing In Mexico

State-owned Abu Dhabi firms, Abu Dhabi National Oil Company and Mubadala Petroleum Services Company are showing “serious interest” in investing in Mexico’s newly opened energy sector, said Mexican oil executives and government officials on Tuesday. UAE delegations have visited Mexico four times this year with Mubadala Petroleum and the Abu Dhabi National Oil Company (Adnoc) having held a number of discussions with state energy firm Petroleos Mexicanos and the Mexican government, said Franciso Alonso, Mexico’s Ambassador to the UAE. Mexico will open tender bids for shallow water oil exploration and mature field production next week with concessions to be awarded in May 2015, said Guillermo Garcia Alcocer from the Mexican Ministry of Energy.

Abu Dhabi National Oil Company Invests USD 70 Billion

Abu Dhabi National Oil Company announced that it has invested USD 70 billion in developing new oil and gas fields, as well as in boosting the country's current output capacity to 3.5 million barrels per day by 2017. The Ministry said that the company is ready to increase its oil production capacity from the current 1.4 million barrels per day (bpd) to 1.8 million bpd by 2017, with the Shah Gas Project on track to commence production in 2014. The UAE is also planning a number of projects under its national strategy to diversify the energy mix as well as have the production of liquefied natural gas (LNG) be divided into 50% of the production for the local demand while the remaining 50% will be imported.

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