The UAE-based TA’ZIZ, a joint venture between ADNOC and ADQ, has signed long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio valued at $28.5 billion (AED104.6 billion).
Several ships were hit by suspected Iranian missiles and drones in the Strait of Hormuz on Monday and a UAE oil complex was set on fire. This follows the launch of Project Freedom by US military to end the blockade of the shipping route.
Adnoc launched its Industrial Resilience Programme at the ‘Make it in the Emirates’ forum, unveiling five initiatives to strengthen UAE supply chains, boost local manufacturing, enhance business continuity and build sustainable industrial capacity across sectors.
Adnoc has confirmed it is accelerating growth and delivery of its strategy with AED200 billion ($55 billion) in new project awards for 2026-2028. The planned project awards reinforce delivery of Adnoc’s five-year capital expenditure (Capex) plan approved by its Board of Directors last year.
Adnoc confirmed that it is accelerating growth and delivery of its strategy with AED200 billion ($55 billion) in new project awards for 2026-2028.
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.
Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand.
A liquefied natural gas (LNG) tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, Reuters said quoting ship-tracking data.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
