Abu Dhabi National Oil Company

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Abu Dhabi National Oil Company
(ADNOC)
Native name شركة .بترول أبوظبي الوطنية
Type 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)
Martin Mair (CEO)
Abdulla Nasser Al Suweidi (COO)
Products crude oil
oil products
natural gas
Petrochemicals
Revenue US$150 billion (2014)
Owners UAE government
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). It is considered to be the world's fourth largest oil company with access to country's oil and gas reserves, (137 billion barrels (21.8×10^9 m3) of oil as of June 2007).[1] It is the UAE's biggest company. Adnoc is building a 1.2 billion dollar headquarters with over 300 offices For CEO,COO,CFO,CRO and directors.

Operations[edit]

ADNOC is one of the world's leading companies by oil reserves. The company operates two oil refineries which are Ruwais and Umm Al Nar. ADNOC has 14 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 petrochemical plants and for re-injection into reservoirs to improve oil and condensate production.

ADNOC is the eighth largest recipient of US federal contract dollars, receiving a total of $918,256,500 in 2008 alone.[2]

Subsidiaries[edit]

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:[3]

  • Exploration and production of oil and gas:
  • Exploration and production services:
    • National Drilling Company (NDC) - offshore and onshore drilling
    • ESNAAD - production and marketing of mud chemicals, material handling services, waste management, chemical blending and manufacture(www.esnaad.com)
    • Abu Dhabi Petroleum Ports Operating Company (IRSHAD) - operations of oil exporting ports such as Ruwais and Jebel Dhanna
  • Oil and gas processing:
    • Abu Dhabi Gas Industries Limited (GASCO) - production and operation of liquefied gas products
    • Abu Dhabi Gas Liquefaction Company Ltd. (ADGAS) - processing, marketing and distribution of liquefied petroleum gas and liquefied natural gas
    • Abu Dhabi Gas Development Company Ltd. (Al Hosn Gas) - development of sour gas reservoirs located in Shah field
    • Abu Dhabi Oil Refining Company (TAKREER) - refining of crude oil, production of chlorine and related chemicals, sulphur granulation
  • Chemicals and petrochemicals:
  • Maritime transportation:
    • Abu Dhabi National Tanker Company (ADNATCO) - transportation of crude oil and refined products
    • National Gas Shipping Company (NGSCO) - shipments of liquefied gas products from Das Island
  • Refined products distribution:
    • ADNOC distribution - distribution, storage and transport of refined products

Supreme Petroleum Council[edit]

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

Transportation[edit]

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.[4]

Martin Mair quits[edit]

On the 7th of November 2014 ADNOC's president and CEO Martin Mair quit after being offered to be managing director of TAP in Zurich (Switzerland). COO Abdullah al Nasser will take over as acting CEO. ADNOC is on a world wide search to find there next President and CEO with a reported salary at 6 million pounds a year.

See also[edit]

References[edit]

External links[edit]