ADNOC stands for Abu Dhabi Oil Company and it is a government owned corporation and it is an oil and gas industry. It was founded in 1971 and it was restructured in 1988 and its founder is Zayed bin Sultan Al Nahyan and its headquarters Abu Dhabi, United Arab Emirates.
The key person of this company is Khalifa bin Zayed Al Nahyan and he is the CM of Supreme Petroleum Council and then there is the Sultan Ahmad Al Jaber who is the director and general and CEO of this company.
They sell these products and they are also the manufacturer as well;
- Crude oil
- Natural gas
Their total revenue of 2014 was 60 billion US dollars and by the end of the 2015, they had 55,000 employees all across the nation. In 2015, they become the seventh largest oil reserves of the world.
Why they hit this number because they had the reserves of 97.8 billion barrels of different kinds of petroleum oil. Most of the reserves are in Abu Dhabi and it is the 12th largest oil company production in the world and you will be shocked to know that they produce 3.1 million barrels in a day.
They even have ADNOC ICV certification. Their operations are vast and that is why they have 16 subsidiary companies in downstream stages of production and upstream stages of production as well.
ADNOC develops both inbound and outbound gas and oil production and the company has two refineries;
- One is in Ruwais
- And the other one is in Umm Al Nair
They also produce the CNG which stands for cool natural gas and LNG which stands for liquefied natural gas. Sultan Ahmad Al Jaber is the minister of State in the United Arab Emirates and the director general and CEO of Abu Dhabi Oil company as well.
He is the chairman of Masdar which is a company situated in Abu Dhabi and it is related to technology and it is also related to renewable energy as well. it also develops techs for sustainable energy for the Abu Dhabi ports. And this company is doing some good work in climate control and also plays a role model in global warming as well.
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