His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council of the Emirate of Abu Dhabi, convened a meeting of the Executive Committee of the Board of Directors of ADNOC at the company’s headquarters.
During the meeting, His Highness reviewed ADNOC’s financial performance and strategic priorities, which include leveraging artificial intelligence tools and solutions to advance its goal of becoming the world’s leading energy company in AI technology utilization. Discussions also focused on projects aimed at fostering the company’s local growth and expanding its international footprint through “XRG”, while diversifying revenue sources and maximizing the value derived from Abu Dhabi’s oil and gas resources.
His Highness emphasized the importance of ongoing efforts to implement development strategies that ensure the company maintains its resilience and competitive capabilities. This is crucial for ADNOC’s long-term value creation in light of rapid changes within the global energy sector.
International Deals
Furthermore, His Highness underlined that ADNOC’s international expansion is a fundamental aspect of this strategy. In 2025, the company, through “XRG,” secured several significant international agreements, including the “Arqios Energy” transaction, its joint venture with BP for gas exploration and production in Egypt, its stake in the Absheron gas and condensate field in Azerbaijan, and its participation in Block 1 offshore Turkmenistan.
His Highness was updated on ADNOC’s plans to diversify revenue streams, broaden trading activities, and explore digital asset opportunities as part of its efforts to maximize oil production value, especially in enhancing its international trading presence, notably with the recent opening of its trading office in Geneva, Switzerland.
Empowering Talent
In this context, His Highness noted the significance of bolstering ADNOC’s trading operations, which have contributed to the training of national talent and provided them with new skills and expertise in international commodities trading over the past five years, solidifying the UAE and Abu Dhabi’s status as a global trade hub.
Building on these efforts, His Highness directed the enhancement of AI tools and solutions to optimize trading operations, increase operational efficiency, and maintain the company’s competitiveness to stay future-oriented.
Additionally, His Highness reviewed ADNOC’s initiatives to empower Emirati professionals in critical roles and strengthen business continuity.
He listened to a briefing on ADNOC’s efforts to accelerate the development of unconventional gas resources in Abu Dhabi, including the “Dhayah Gas Basin” concession in Ruwais, along with the ongoing initiatives to mitigate risks associated with the exploration of substantial unconventional resources in the emirate. The company has made significant advancements in unconventional gas production, focusing on enhancing drilling efficiency and utilizing advanced technologies and AI solutions to reduce exploration costs.
Meeting Demand
His Highness instructed to broaden collaboration with international partners to enhance the value from Abu Dhabi’s hydrocarbons and support the achievement of gas self-sufficiency for the UAE while meeting the growing global demand for this vital resource.
During the meeting, His Highness noted that 2025 marks the 75th anniversary of oil and gas exploration in Abu Dhabi, which began with the drilling of the first exploratory well in the Ras Al-Sadr area, a historical milestone that underscores the UAE’s resilience and visionary ambitions.
He affirmed that this achievement laid the foundation for Abu Dhabi’s economic diversification, as ADNOC continues to responsibly maximize the value derived from oil and gas resources, contributing to sustainable value creation for the UAE.
Value Chains
ADNOC is dedicated to establishing new local value chains through “Taziz,” its joint venture with ADQ. In the first phase of the project at the Ruwais Industrial City, “Taziz” is expected to produce up to 4.7 million tons annually of chemicals, including methanol, low-carbon ammonia, caustic soda, ethylene dichloride, vinyl chloride monomer, and polyvinyl chloride.
Among the six projects in the first phase, five are currently under construction, with the sixth project slated for award later this year. Construction is also progressing on the ammonia production facility, anticipated to commence operations in the fourth quarter of 2026.
The meeting was attended by several dignitaries, including the Minister of Industry and Advanced Technology, the President and CEO of ADNOC, Minister of Energy and Infrastructure, Minister of Health and Community Protection, the CEO of Mubadala Investment Company, the Head of the Finance Department of Abu Dhabi, and the Undersecretary of the Ministry of Industry and Advanced Technology.