At its second investor forum in Abu Dhabi, the Abu Dhabi National Oil Company hosted 200 members of the global financial and investment community, providing participants with a deeper understanding of ADNOC’s transformation and delivery, value-creating plans, 2030’s smart growth strategy and a pipeline of new partnerships and co-investment opportunities across its value chain on its path to building an integrated global energy future leader.
During the conference, senior management of ADNOC gave a description of the world-class wealth and presence of ADNOC along the value chain of crude, gas and petrochemical as well as its strategic commercial venture. Details on the strong financial profile of the company were also provided as well as robust financial management and governance processes. The forum highlighted ADNOC’s forty-five year plus track record of successful partnerships and co-investments, underpinned by its world-wide resource and asset base for hydrocarbons, and its resilience across industry cycles.
Senior management presentations also highlighted the critical role of ADNOC as a key driver for innovative and creative possibilities and strategies for attracting foreign investment and expanding Abu Dhabi and the UAE’s economic development and growth. Forum participants were updated on delivering the 2030 growth strategy of ADNOC as well as its new integrated gas strategy to achieve gas self-sufficiency and transition to potentially become a net gas exporter. The forum also provided an update on the marketing, supply and trading strategy of ADNOC across three core shipping, storage and trading areas. ADNOC laughed two new trading units at ADGM earlier this year. ADNOC Global Trade, ADNOC’s joint venture with Eni and OMV to work on ADNOC Refining’s refined products and ADNOC Trading to market crude oil.
Commenting on the conference, Dr. Sultan Ahmed Al Jaber, UAE Minister of State and CEO of ADNOC Group, said: “The Investor Conference of ADNOC 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 to ensure greater market access for its goods, as well as the integral role of ADNOC. We also built a significant pipeline of the lucrative and creative venture and co-investment prospects over the past two years, including both equity and debt, including investments in our portfolio of construction, service and support companies, as well as our core operating sector. This platform demonstrates our strong commitment to exchanging and developing innovations with new types of international collaborators and world-class investors, and to work together to create additional value.
ADNOC has shown a diverse pipeline of new opportunities for shareholders and collaborators to invest with ADNOC and share in its future growth across the full value chain of the organization, from upstream to downstream.