Details

Last Funding Type

Debt Financing

Last Funding Money Raised

$8B

Industries

Oil and Gas

Founded date

Jan 1, 1971

Number Of Employee

10001 - max

Operating Status

Active

Stock Symbol

adx:ADNOCDIST

Legal Name

Abu Dhabi National Oil Co

Also Known As

ADNOC Oil Pipelines

Abu Dhabi National Oil Company (ADNOC) was established in 1971 to operate in all areas of the oil and gas industry and since then has steadily broadened its activity in establishing companies and subsidiaries and creating an integrated oil and gas industry in the fields of exploration and production, support services, oil refining and gas processing, chemicals and petrochemicals, maritime transportation and refined products and distribution.

The Supreme Petroleum Council (SPC), chaired by His Highness Sheikh Khalifa Bin Zayed Al- Nahyan, President of the UAE and Ruler of Abu Dhabi, formulates and oversees the implementation of Abu Dhabi petroleum policies.

During the past four decades, ADNOC has expanded its business activities, enhanced its competitive position and so managed to become one of the world’s leading oil companies with substantial business interests in upstream and downstream activities, including transportation, shipping, marketing and distribution.

ADNOC’s efforts in the exploration and production field have concentrated on assessing undiscovered reserves and optimizing hydrocarbon recovery by improving the reservoir management.

Over the last few years significant achievements were made in the expansion and development of gas fields to meet increased demand from industry gas users and gas injection requirements in order to enhance the oil and condensate recovery from the producing fields. ADNOC is committed to sustainable development. In 2009, the company has launched the ‘ADNOC Sustainability Performance Initiative’ ensuring a harmonious balance between society’s needs and Earth’s resources, while its track record in HSE sets the standards for the rest of the Arabian Gulf.

Giving top priority to education, ADNOC established a number of institutions that train and develop a qualified UAE cadre for the energy sector. The Petroleum Institute, The Glenelg School of Abu Dhabi, the ADNOC Technical Institute, the Achievers’ Oasis and other scholarship programs are but a few examples of ADNOC’s educational projects.

ADNOC has 15 subsidiary companies working in the various fields of the oil, gas, and petrochemical industry as well as crude oil and gas transport and services. They include ADCO, ADMA-OPCO, GASCO, ADGAS, ZADCO, TAKREER, NDC, ESNAAD, IRSHAD, FERTIL, BOROUGE, ADNATCO-NGSCO, ADNOC Distribution, Elixier and Al Hosn Gas.

Abu Dhabi National Oil Company has had 2 exits. Abu Dhabi National Oil Company most notable exits include Borealis ,   OMV