September 20, 2014 5:02 PM 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 to Expand to Saudi Arabia Market in 2014

Abu Dhabi National Oil Company revealed plans to expand into the Saudi market during 2014 by providing service stations as well as aviation services in Saudi Arabia. As for growth plans in the UAE, Al Dhaheri said there are currently approximately 110 stations under discussion, with 21 of them under construction and around 80 under design, or under discussion to allocate the land. The stations should be operational within the next two years. Al Dhaheri also said that talks are in progress to acquire 24 service stations from Enoc in Sharjah by early 2014. The company has already constructed around 17 CNG service stations in Abu Dhabi and Sharjah (out of which 13 are in Abu Dhabi). Adnoc plans to add 14 service stations, which will be located on the main highways to and from the capital. The final stage of the project, Al Dhaheri said, will see 35 additional CNG service stations in Abu Dhabi. Aside from service stations, Al Dhaheri added that the company is in the process of expanding its storage facilities. In addition to its current services, Adnoc Distribution has recently started handling the city gas initiative for gas distribution within the Abu Dhabi emirate, and will expand in the field of Compressed Natural Gas (CNG) for vehicles.

ADNOC In Talks To Acquire ENOC Stations

Abdullah Al Dhaheri, Chief Executive Officer of Abu Dhabi National Oil Company said that talks are in progress to acquire 24 service stations from Emirates National Oil Company Ltd (ENOC) L.L.C by early 2014.

Abu Dhabi National Oil Company Announces Joint Venture Agreement with Masdar

Abu Dhabi National Oil Company has signed a joint venture agreement with Masdar to establish a company that manages commercial-scale projects for carbon capture, usage and storage. The two companies have allocated $122.48 million for the engineering, procurement and construction (EPC) contract that allows Dodsal Group to build a carbon dioxide (CO2) compression facility and a 50-kilometer pipeline. CCUS' first project will include three core components, and will be located at Abu Dhabi.

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