President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual assembly of the ADNOC Board of Administrators on the Habshan advanced in Abu Dhabi, a strategic hub for the corporate’s onshore operations which incorporates one of many world’s largest fuel processing amenities.
The assembly was held within the operations management room operated by ADNOC Fuel, which provides 60 % of the UAE’s pure fuel necessities to assist the vitality and industrial sectors.
In the course of the assembly, ADNOC’s five-year marketing strategy and capital expenditure (CAPEX) of US$150 billion (AED551billion) for 2026-2030 was authorized by the Board to keep up the corporate’s present operations and drive good development because it continues to assist meet rising international vitality demand.
His Highness recognised ADNOC’s success in delivering on its home and worldwide development technique whereas strengthening its resilience in a fast-evolving vitality panorama. He referred to as on ADNOC to scale its affect past efficiency and convert success into strategic benefit to strengthen the UAE’s standing as a technology-driven vitality powerhouse.
The Board welcomed ADNOC’s achievement in rising the UAE’s typical reserves base from 113 billion inventory tank barrels (stb) of oil to 120 billion stb and from 290 trillion customary cubic toes (tscf) of pure fuel to 297 tscf, reinforcing the nation’s place because the custodian of the world’s sixth-largest oil reserves and the seventh-largest fuel reserves.
ADNOC has additionally made new oil and fuel discoveries totaling greater than 1.2 billion barrels of oil equal (boe). The discoveries have been enabled by the deployment of industry-leading applied sciences together with the world’s largest three-dimensional (3D) seismic survey and the applying of synthetic intelligence (AI)-powered knowledge interpretation that has unlocked beforehand inaccessible constructions and formations.
The Board authorized the institution of ADNOC Ghasha, a brand new working firm for the Ghasha Concession which incorporates the Hail, Ghasha, Dalma, SARB, and Nasr fields. The concession is ready to supply 1.8 billion scf of fuel and 150,000 barrels per day of oil and condensates. Development of the Hail and Ghasha mega undertaking, a key growth throughout the Ghasha concession, is now progressing at tempo.
The Board additionally reviewed progress in unlocking Abu Dhabi’s unconventional sources to assist UAE fuel self-sufficiency and meet rising international demand for fuel. The Board acknowledged ADNOC’s success in attracting new worldwide companions to unconventional exploration concessions, bringing international experience to speed up growth. Abu Dhabi’s unconventional recoverable sources are estimated at 160 tscf of fuel and 22 billion stb of oil.
His Highness underlined ADNOC’s continued function as a catalyst for the UAE’s development and diversification. He recognised the corporate for creating new financial and industrial alternatives for the non-public sector via its In-Nation Worth (ICV) programme and for its assist of the ‘Make it within the Emirates’ initiative, the nationwide programme to drive industrial development and diversification.
This yr, ADNOC’s ICV programme has pushed US$17.7 billion (AED65 billion) again into the UAE economic system. These achievements carry the whole worth pushed again into the economic system to US$83.7 billion (AED307 billion) for the reason that program was launched in 2018, with a complete of 23,000 UAE Nationals employed within the non-public sector via the programme since its inception in coordination with companion entities, together with the NAFIS programme.
Constructing on these achievements, the Board endorsed ADNOC’s goal to drive US$60 billion (AED220 billion) into the UAE economic system over the following 5 years via the ICV programme. The Board additionally famous ADNOC’s progress in boosting native manufacturing of important industrial merchandise in its provide chain. Up to now, the corporate has signed offtake agreements for regionally manufactured merchandise value US$21.8 billion (AED80 billion) because it delivers on its goal to regionally manufacture US$24.5 billion (AED90 billion) value of merchandise in its procurement pipeline by 2030.
On worldwide development, the Board recognised XRG, ADNOC’s worldwide vitality funding firm, for rising its enterprise worth from over US$80 billion (AED290 billion) to US$151 billion (AED554 billion), following its launch in November 2024. This transformative development has positioned Abu Dhabi as one of many largest and fastest-growing worldwide vitality traders. It has been enabled by the corporate’s disciplined long-term funding technique.
The Board endorsed the launch of ADNOC’s Productiveness Index, a state-of-the-art measurement and efficiency diagnostic software designed to additional empower workers and improve their effectivity at their jobs. The index offers real-time insights to assist groups work smarter, collaborate extra successfully, and give attention to high-value actions that drive efficiency and worth creation.
The Board highlighted the significance of being a technology-driven vitality chief, and recognised ADNOC’s continued success in deploying AI, superior applied sciences, robotics and autonomous operations throughout its full worth chain because it strives to develop into AI native, and the world’s most AI-enabled vitality firm. The assembly was carried out with the assist of MEERAi, ADNOC’s revolutionary boardroom AI software which has been deployed throughout 10 ADNOC Group corporations. The bilingual software is designed to boost boardroom decision-making and empower executives to make faster, data-driven choices.
The Board was additionally up to date on ADNOC’s initiatives to develop its individuals, together with succession planning, and to assist the Emirati Nationwide Identification Technique launched by the UAE Authorities to strengthen Emirati id throughout all sectors. In alignment with the initiative, ADNOC is implementing programmes that promote nationwide id inside its company tradition and allow financial and social growth.
The Board acknowledged the progress of the TA’ZIZ Part 1 chemical substances ecosystem in Al Ruwais Industrial Metropolis, Al Dhafra area, with all key ultimate funding choices (FID) now taken. The ecosystem is ready to supply 4.7 million tonnes each year (mtpa) of commercial chemical substances and will probably be one of many largest built-in chemical platforms within the Gulf area which, along with ADNOC’s different chemical substances tasks, will increase chemical substances manufacturing capability to 11 mtpa by 2028.
Forward of the assembly, His Highness was briefed on strategic development and worth creation tasks throughout a tour of the Habshan advanced the place he met with gifted Emirati workers taking part in key roles on the facility. His Highness acknowledged their efforts and thanked ADNOC workers throughout the Group for his or her laborious work, dedication, and very important function in enabling the UAE’s continued success. His Highness emphasised that the UAE’s individuals are its biggest asset and reaffirmed the Management’s dedication to prioritising their growth and wellbeing.
Attending the assembly have been His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Courtroom; H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Government Council; H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Consultant in Al Dhafra Area; H.H. Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Consultant in Al Ain Area; Suhail Mohamed Al Mazrouei, Minister of Vitality and Infrastructure; Dr. Sultan Ahmed Al Jaber, Minister of Business and Superior Expertise and ADNOC Managing Director and Group CEO; Dr. Ahmed Mubarak Al Mazrouei, Chairman of the President’s Workplace for Strategic Affairs and Chairman of the Abu Dhabi Government Workplace; Ahmed Al Sayegh, Minister of Well being and Prevention; Jassem Al Zaabi, Member of the Government Council and Chairman of the Division of Finance; Dr. Abdulla Al Jarwan, Chairman of the Abu Dhabi Division of Vitality; and Khaldoon Khalifa Al Mubarak, Chairman of
Dr. Al Jaber stated, “With the steadfast assist of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the steering of our Board of Administrators, ADNOC continues to responsibly present vitality to satisfy rising international demand whereas maximising worth for our shareholders. Our success this yr in navigating a fancy vitality panorama and accelerating home and worldwide development is a testomony to the dedication of all my colleagues at ADNOC and our give attention to leveraging superior applied sciences and AI to future-proof our enterprise. We’ll proceed to rework how we create worth at velocity and scale, driving a brand new period of intelligence-powered efficiency, working on the intersection of AI and vitality, to ship development for the UAE.”
Habshan is central to powering the UAE’s industrial development, offering a dependable provide of pure fuel and feedstock to key industries. It helps numerous industries together with aluminium and metal manufacturing, cement manufacturing, and petrochemical amenities, serving to strengthen the nation’s place as a worldwide chief in sustainable, high-value manufacturing.