Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • ADNOC Announces Strategic Move Downstream
    édité le 07/03/2018 - Plus de news de "ADNOC" - Voir la fiche entreprise de "ADNOC"


ADNOC Announces Strategic Move Downstream
The Abu Dhabi National Oil Company (ADNOC) announced, today, its intention to move further downstream, as the company pivots to take full advantage of the rising demand for higher value refined and petrochemical products, particularly in the growth economies of China and Asia.

Speaking at CERAWeek, a leading gathering of the energy industry, H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, set out ADNOC’s strategic ambitions to become a major global downstream player, with the operational flexibility to respond quickly to shifting and emerging market needs. At the center of its new downstream strategy, ADNOC intends to create the world’s largest integrated refining and chemical site in the world, in Ruwais, UAE, where it will triple petrochemicals’ production to 14.4 million tonnes, annually, by 2025.

H.E. Dr. Al Jaber announced plans to host a Downstream Investment Forum, in Abu Dhabi, on May 13 and 14, where ADNOC will unveil significant co-investment opportunities to strengthen and grow its downstream portfolio.

“We will unveil significant co-investment opportunities for all partners, ready to work alongside us at a special event this coming May, as we transform our Downstream portfolio domestically and internationally.” H.E. Dr. Al Jaber said.

“I would like to extend an invitation, to those who are keen to join us on this journey, to attend the ADNOC Downstream Investment Forum, where we will unveil our roadmap, signature projects and detailed investment plans. As we begin this next phase of our development, we welcome existing and prospective partners to join us in creating smarter growth for our long-term mutual benefit.”

H.E. Dr. Al Jaber explained ADNOC’s downstream strategy will build on the progress ADNOC had made in 2017, as it accelerated its transformation and sharpened its focus on its strategic pillars of people, performance, profitability and efficiency to both unlock and create maximum value from its resources and assets.

In addition to aligning its group of companies under a single, unifying brand, he said ADNOC opened up opportunities across its upstream and downstream businesses to new categories of partners and investors, including public and private financial institutions. ADNOC also took steps to enhance and optimize its capital structure by leveraging, for the first time, the global capital markets, including issuing a US $3 billion bond against one of its large crude oil pipelines – the biggest non-sovereign bond sale in the Middle East – and successfully listing ADNOC Distribution on the Abu Dhabi Stock Exchange (ADX), in what was the largest IPO in Abu Dhabi in a decade.

“The steps we have taken so far have laid a solid foundation for powering the next phase of our growth,” said H.E. Dr. Al Jaber. “And the biggest opportunity for that growth is downstream, particularly in petrochemicals, where demand is expected to climb 150 percent by 2040, driven by the growth economies of Asia.”

While developing downstream has become a key strategic priority for delivering on the goals of ADNOC’s 2030 smart growth strategy, H.E. Dr Al Jaber said the company is also building on its strong legacy as a leading, global upstream player.

He cited the reconfiguration of the former ADMA offshore concession into multiple concession areas as an example of how an expanded approach to partnerships has allowed ADNOC to attract additional upstream partners who bring strategic value add to the table – in terms of market access, capital, technology and expertise.

In support of ADNOC’s upstream expansion strategy, H.E. Dr. Al Jaber noted that a series of new blocks are to be made available for commercially competitive bidding, in an unprecedented opportunity, for both existing and new partners with best-in-class exploration technology, to unlock untapped resources in one of the world’s largest hydrocarbon super-basins.

Organized by IHS Markit, CERAWeek takes place annually in Houston, Texas. It brings together 3,000 global industry leaders and policymakers, from more than 60 countries, across the entire energy value chain, to exchange knowledge and insights on energy markets, industry trends, technology and strategy.

About the Abu Dhabi National Oil Company (ADNOC)

ADNOC is one of the world’s leading oil and gas companies and is fully owned by the government of the Emirate of Abu Dhabi. The company was founded in 1971 and is active in all areas of the oil and gas industry.
It has 17 specialized subsidiaries and joint ventures operating in both upstream and downstream sectors. The ADNOC Group is active in the United Arab Emirates and across the whole world and produces more than 2.7 million boe a day. In the past few years, significant achievements were made in the expansion of the development of gas fields to meet the increased demand from industry gas users; and gas injection requirements in order to enhance the oil and condensate recovery from the producing fields.
While carrying out all its business activities, ADNOC is committed to sustainable development, ensuring a harmonious balance between people’s needs and Earth’s resources, adhering to the best international practices and supporting all programs and initiatives of environment protection while its track record in HSE sets the standard not only at the regional Gulf level but at the international level as well.


Origine : Communiqué ADNOC

Voir la fiche entreprise de "ADNOC"



Les dernières news de "ADNOC"



Toutes les news de "ADNOC"
  Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi centrica cgg chevron china cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gouvernement gtt gulf-of-mexico hess ifp india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling maersk-oil malaysia mcdermott mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petoro petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill shah-deniz shale-gas shell siemens sinopec socar sonangol sonatrach south-stream statoil subsea subsea-7 tap technip technipfmc total transocean tullow turbine ufip uk vallourec vessel vopak well wintershall wood-group woodside



Europétrole © 2003 - 2019