Abu Dhabi National Oil Company
|شركة بترول أبوظبي الوطنية|
|state owned enterprise|
|Industry||oil and gas|
|Founded||1971 (restructured in 1988)|
|Headquarters||Abu Dhabi, United Arab Emirates|
|Khalifa bin Zayed Al Nahyan (Chairman of the Supreme Petroleum Council)
Sultan Ahmed Al Jaber (Director-General and CEO)
|Revenue||US$60 billion (2014)|
Number of employees
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, as of January 2015, the UAE holds the seventh-largest proven reserves of oil in the world at 97.8 billion barrels. Most of these reserves are located in Abu Dhabi. It is the world's 11th largest oil company by production, standing at 2.9 million barrels per day. It is the UAE's biggest company.
ADNOC is one of the world's largest energy companies measured by both reserves and production. The company operates two oil refineries, Ruwais and Umm Al Nar. ADNOC has numerous subsidiary companies in the upstream, midstream and downstream sectors of the petroleum industry. ADNOC develops both onshore and offshore gas fields. ADNOC exports natural gas in the form of liquefied natural gas (LNG) in addition to producing supplies for local electricity and water utilities, to other domestic industries including petrochemicals plants, and for re-injection into reservoirs.
ADNOC Headquarters is a skyscraper office complex located in Abu Dhabi. The building incorporates energy efficiency and sustainable engineering technologies, such as a double skin façade, photovoltaic glazing, LED exterior lighting. Designed by HOK, the overall building complex consists of more than 65 floors with an office tower, corniche club, crisis management center, a heritage museum, and other support facilities.
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.
Leadership and corporate governance
Sultan Ahmed Al Jaber
Sultan Ahmed Al Jaber is Minister of State in the United Arab Emirates, the Director-General and CEO of the Abu Dhabi National Oil Company, the chairman of Masdar, a company located in Abu Dhabi specializing in clean technology, renewable energy, and sustainable development and the chairman of Abu Dhabi Ports.
In 2013, Dr. Al Jaber was named Minister of State and joined the UAE cabinet. Dr. Al Jaber's appointment was approved by Sheikh Khalifa bin Zayed Al Nahyan, the UAE's president. Speaking of the appointment of Dr. Al Jaber and other ministers, Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and prime minister and ruler of Dubai, said the new cabinet has "young faces with new ideas and energy to keep up with the rapid changes and to deal with our people's top priorities."
Al Jaber holds a BSc in Chemical Engineering from the University of Southern California the United States and a PhD in business and economics from Coventry University in the United Kingdom and an MBA from the California State University at Los Angeles.
Supreme Petroleum Council
The Supreme Petroleum Council is the highest governing body of oil, gas, and similar industry related activities in Abu Dhabi. The Council was formed in 1988. The Council is tasked with supervising all oil and gas companies that operate in Abu Dhabi and the United Arab Emirates and acts as the board of directors for ADNOC.
- Oil & Gas Journal, Worldwide Look at Reserves and Production, January 1, 2015
- FORBES The World's 25 Biggest Oil Companies
- usaspending.gov (2008). "Federal Contracts to ABU DHABI".
- "ADNOC Headquarters". The Skyscraper Center. Council on Tall Buildings and Urban Habitat. Retrieved 2013-03-31.
- "Double Facade Study - Thesis" (PDF). Retrieved 2015-11-03.
- United Arab Emirates AIP (login required)
- "Members Of The Cabinet". www.uaecabinet.ae. Retrieved 2016-01-19.
- "Abu Dhabi National Oil Company (ADNOC) - The Supreme Petroleum Council (SPC)". Retrieved 28 June 2010.