ADNOC to Build on Momentum of Successful ADIPEC

ADNOC to Build on Momentum of Successful ADIPEC

The Abu Dhabi National Oil Company (ADNOC) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC).

Provisional figures show that over 80,000 viewers from around the world tuned into ADIPEC’s strategic and technical sessions, with almost 40,000 viewers streaming the opening ceremony.

At the 4-day event, which ended on November 12, ADNOC made a series of strategic announcements that highlighted its drive to capture greater value across its portfolio and build long-term resilience as it pursues smart growth.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Group CEO, said: “During ADIPEC, we made several important announcements that underscored how ADNOC is reinforcing its resilience and doubling down on value creation to ensure we remain competitive and are well-positioned to help enable the post-Covid recovery by delivering a stable and reliable supply of energy to the world. We have demonstrated significant progress toward our objectives of creating a more profitable upstream business and a more valuable downstream, and enhancing our marketing and trading capabilities. At the same time, we are harnessing technology to reduce costs and maximize performance while strengthening our commitment to responsible production.

“These announcements at ADIPEC and subsequent ones we will be making in the coming weeks and months build on the solid foundation we have laid through our transformation. They will ensure ADNOC continues to deliver long-term and sustainable value to the UAE and remains a primary catalyst for the country’s economic growth and diversification.”

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Submitted by: Press release