The Abu Dhabi National Oil Company (Adnoc) today announced its plans to unveil its detailed downstream strategy and expansion plans for the Ruwais Industrial Complex, as well as introduce new partnership and investment opportunities at the Adnoc Downstream Investment Forum, in Abu Dhabi, on May 13 and 14.
According to a WAM statement released on Monday, Adnoc’s downstream strategy will act as a key catalyst to Abu Dhabi’s economic and diversification plans, attracting foreign direct investment and supporting significant in-country value. The company also confirmed the attendance of over 30 global CEOs and over 600 senior business leaders from various sectors.
“We operate in an energy landscape that is evolving rapidly, and we must adapt and transform Adnoc to become a more globally integrated energy company, built for agility, high performance and resilience – a modern energy company for a new energy era,” said Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO.
“We continue to work on maximising operational efficiencies and strengthening our overall performance while maximising value from the company’s financial resources and assets through our enhanced partnership and investment model. As a next step, we are focused on significantly expanding our downstream business — a historic, new milestone in ADNOC’s journey — to further unlock and drive more value across our portfolio.”
Source: Gulf News