The “ADIPEC 2025” event concluded yesterday, achieving record-breaking figures with a total of 35,000 transactions across various sectors, amounting to $46 billion (approximately 170 billion dirhams).
The total attendance reached 239,709, marking this event as the largest in the global energy sector and playing a significant role in shaping its future directions, reflecting a 17% increase compared to last year’s edition in 2024.
“ADIPEC” has contributed to the Abu Dhabi economy, generating approximately $400 million, particularly benefiting the hospitality, tourism, and transportation sectors. Fifty-four of the leading energy companies globally participated.
These include ADNOC, Aramco, ExxonMobil, CNPC, OXY, Shell, BP, Chevron, Petronas, and TotalEnergies, along with emerging independent companies and technology pioneers that have opened new avenues for the advancement of “ADIPEC 2025.”
Agreements
Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and CEO of ADNOC and its group of companies, witnessed the signing of key terms for two sales agreements between “Taziz”—a joint venture formed by ADNOC and ADQ—and the “Sanmar” group, which specializes in the production of polyvinyl chloride and chemicals, for the supply of critical raw materials for the petrochemical industry.
Under these agreements, “Taziz” will supply over 350,000 tons annually of “dichloroethane” and “vinyl chloride monomer” to “Sanmar.”
These materials will be produced in the “Taziz Chemical Industrial Zone” located in the industrial city of Ruwais, marking the first time any of these chemicals are exported from the country.
During “ADIPEC,” ADNOC announced a strategic partnership with “Comira Financial Holding” to accelerate financing access for small and medium enterprises (SMEs) and local suppliers contracted with ADNOC.
This collaboration will introduce a program that enables SMEs and suppliers to access working capital more efficiently and fulfill ADNOC’s purchase orders more rapidly.
Khaled Al Zaabi, the Chief Financial Officer of the ADNOC Group, stated, “The partnership between ADNOC and Comira Financial Holding provides optimal financing solutions that will empower SMEs to maximize their working capital by obtaining immediate funding backed by purchase orders.”
Akhtar Saeed Hashmi, Managing Director and CEO of Comira Financial Group, remarked, “Our partnership with ADNOC represents a significant shift in how supply chains in the region are financed.”
Additionally, “NMDI Energy” announced the signing of several significant agreements to explore strategic partnership opportunities with local and international entities, including a memorandum of understanding with “Baker Hughes” to explore potential collaboration.
NMDI Energy and “Hyundai Heavy Industries” established a non-exclusive strategic framework for cooperation in the maritime energy sector and related fields.
Moreover, “NMDI Energy” signed a memorandum of understanding with “Energy Masters Enterprises” of the UAE for collaboration in submersible pump technologies and related sectors.
NMDI Energy also signed a memorandum with “Engineers India” for joint bidding efforts, where cooperation will expand to include implementing onshore projects in Saudi Arabia in areas encompassing oil and gas processing, refining, petrochemicals, pipelines, storage facilities, and energy transition projects.