Abu Dhabi National Oil Company

Abu Dhabi National Oil Company
(ADNOC)
Native name
 شركة .بترول أبوظبي الوطنية
Government owned corporation
Industry Oil and gas
Founded 1971 (restructured in 1988)
Headquarters Abu Dhabi, United Arab Emirates
Key people
 Khalifa bin Zayed Al Nahyan (Chairman of the Supreme Petroleum Council)
Abdulla Nasser Al Suweidi (CEO)
Products crude oil
oil products
natural gas
Petrochemicals
Revenue US$60 billion (2014)
Owner UAE government
Number of employees
 25,000 (2011)
Website www.adnoc.ae

The Abu Dhabi National Oil Company (Arabic: شركة بترول أبوظبي الوطنية‎) or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). According to the Oil & Gas Journal estimates as of January 2015, the UAE holds the seventh-largest proved reserves of oil in the world at 97.8 billion barrels, with most of the reserves located in Abu Dhabi (approximately 94% of the UAE's total).[1] It is world's 11th biggest company by oil production, standing at 2.9 million barrels per day.[2] It is the UAE's biggest company. Adnoc is building a $1.2 billion headquarters with over 300 offices for its management.

Operations

The ADNOC Headquarters building was scheduled for completion in 2015

ADNOC is one of the world's leading company by oil reserves. The company operates two oil refineries which are Ruwais and Umm Al Nar. ADNOC has 18  subsidiary companies, both on upstream and downstream.

ADNOC is developing both onshore and offshore gas fields. Natural gas is exported in the form of liquefied natural gas (LNG) and supplied for local electricity and water utilities, to other industries including petrochemicals plants and for re-injection into reservoirs to improve oil and condensate is the eighth largest recipient of US federal contract dollars, receiving a total of about $900,000 in 2008 alone.[3]

Subsidiaries

As a fully integrated oil and gas company, ADNOC operations fulfill every aspect of process in the petroleum industry. These process are then divided into sixteen subsidiaries, listed below:[4]

Supreme Petroleum Council

The Supreme Petroleum Council acts as the board of directors for ADNOC.

Transportation

Through its subsidiaries the company operates several airports. The Abu Dhabi Company for Onshore Oil Operations operates Buhasa Airport and Jebel Dhana Airport. The Zakum Development Company operates Arzanah Airport, Qarnayn Airport and Zirku Airport. The Abu Dhabi Marine Operating Company operates Das Island Airport.[5]

See also

References

  1. ↑ Oil & Gas Journal, Worldwide Look at Reserves and Production, January 1, 2015
  2. ↑ FORBES The World's 25 Biggest Oil Companies
  3. ↑ usaspending.gov (2008). "Federal Contracts to ABU DHABI".
  4. ↑ "ADNOC and its Group of Companies" PDF, ADNOC website.
  5. ↑ United Arab Emirates AIP (login required)

External links

This article is issued from Wikipedia - version of the Tuesday, February 09, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.