ADNOC offered a deeper understanding of its transition and execution, value creation strategies, 2030 smart growth strategy and a roadmap of new partnerships and co-investment prospects across its value chain on its journey to becoming an integrated global energy pioneer of the future.
As stated in Wam.ae, the platform presented an analysis of the resources and presence of ADNOC along the value chain of crude, gas and petrochemical as well as its strategic commercial venture. Forum participants are briefed on implementing the 2030 growth strategy of ADNOC as well as its new integrated energy strategy to achieve gas self-sufficiency and transform to eventually become a net gas exporter.
Sultan Ahmed Al Jaber, UAE Minister of State and CEO of ADNOC Group, said: “ADNOC’s Investor Forum aims to give the global financial and investment community a deeper understanding of ADNOC’s ambitious vision and plan for 2030 to expand its footprint across the power value chain and ensure greater market access for its goods, as well as the integral role alliances, will play in this process. ”
As in the past, we are constantly looking to invest and expand alongside us in long-term, value-adding partners. Over the past two years, we have evolved a considerable pipeline of appealing and innovative collaboration and co-investment opportunities, covering both equity and debt, including opportunities in our portfolio of infrastructure, service and business support, as well as our key operating business.
With the issuance of a US$ 3 billion bond on its ADCOP pipeline asset, ADNOC entered the global capital and debt markets for the first time and executed the first-ever IPO of an ADNOC business with the successful listing of ADNOC Distribution on the ADX.
ADNOC recently closed a historic oil pipeline infrastructure investment with BlackRock, KKR, Abu Dhabi Pensions Fund and GIC, the sovereign wealth fund of Singapore, resulting in approximately US$ 5 billion in foreign direct investment in Abu Dhabi and the UAE.