emirates7 - H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, chaired a meeting of the Executive Committee of ADNOC’s Board of Directors at the company’s headquarters.
During the session, Sheikh Khaled reviewed ADNOC’s financial results and key strategic objectives. These include advancing the use of artificial intelligence (AI) to position ADNOC as the most AI-enabled energy company, driving domestic growth, pursuing international expansion through its global investment arm XRG, diversifying revenue streams, and maximizing returns from Abu Dhabi’s hydrocarbon resources.
He stressed the importance of continuing ADNOC’s long-term growth strategies to ensure resilience and competitiveness in an evolving global energy sector. Sheikh Khaled highlighted the company’s international expansion through XRG, noting several major deals closed in 2025, such as the Arcius Energy joint venture with bp in Egypt, a stake in the Absheron field in Azerbaijan, and participation in Turkmenistan’s Offshore Block 1.
The meeting also covered ADNOC’s efforts to broaden revenue sources, scale up its trading operations, and explore opportunities in digital assets. A key achievement was the recent opening of ADNOC’s trading office in Geneva, further strengthening the UAE’s position as a global commodities trading hub. Sheikh Khaled emphasized that ADNOC’s trading ventures, launched just five years ago, have already created significant value, equipped Emiratis with international expertise, and reinforced Abu Dhabi’s status in global trade. He directed the company to accelerate AI integration across trading and operations to boost efficiency and competitiveness.
Sheikh Khaled was also briefed on ADNOC’s progress in unconventional gas development, particularly at the Ruwais Diyab field, where technology and AI are improving productivity and reducing costs. He instructed the company to deepen partnerships with global players to unlock additional value from Abu Dhabi’s gas resources, support energy security, and meet rising global demand.
The Crown Prince further reflected on the 75th anniversary of Abu Dhabi’s first exploratory oil well at Ras Al Sadr in 1950, describing it as a defining milestone in the nation’s journey of resilience, vision, and diversification.
The meeting also addressed ADNOC’s domestic value-creation efforts through TA’ZIZ, its joint venture with ADQ. The first development phase in Al Ruwais Industrial City will produce 4.7 million tonnes of chemicals annually, including methanol, low-carbon ammonia, caustic soda, ethylene dichloride, vinyl chloride monomer, and PVC. Five of the six planned projects are already under construction, with the ammonia plant expected to be completed and commissioned in late 2026.
The meeting was attended by senior leaders including Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO; Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure; Ahmed Ali Al Sayegh, Minister of Health and Prevention; Khaldoon Khalifa Al Mubarak, CEO of Mubadala Investment Company; Jassem Mohamed Bu Ataba Al Zaabi, Chairman of the Abu Dhabi Department of Finance; and Omar Suwaina Al Suwaidi, Undersecretary at the Ministry of Industry and Advanced Technology.
During the session, Sheikh Khaled reviewed ADNOC’s financial results and key strategic objectives. These include advancing the use of artificial intelligence (AI) to position ADNOC as the most AI-enabled energy company, driving domestic growth, pursuing international expansion through its global investment arm XRG, diversifying revenue streams, and maximizing returns from Abu Dhabi’s hydrocarbon resources.
He stressed the importance of continuing ADNOC’s long-term growth strategies to ensure resilience and competitiveness in an evolving global energy sector. Sheikh Khaled highlighted the company’s international expansion through XRG, noting several major deals closed in 2025, such as the Arcius Energy joint venture with bp in Egypt, a stake in the Absheron field in Azerbaijan, and participation in Turkmenistan’s Offshore Block 1.
The meeting also covered ADNOC’s efforts to broaden revenue sources, scale up its trading operations, and explore opportunities in digital assets. A key achievement was the recent opening of ADNOC’s trading office in Geneva, further strengthening the UAE’s position as a global commodities trading hub. Sheikh Khaled emphasized that ADNOC’s trading ventures, launched just five years ago, have already created significant value, equipped Emiratis with international expertise, and reinforced Abu Dhabi’s status in global trade. He directed the company to accelerate AI integration across trading and operations to boost efficiency and competitiveness.
Sheikh Khaled was also briefed on ADNOC’s progress in unconventional gas development, particularly at the Ruwais Diyab field, where technology and AI are improving productivity and reducing costs. He instructed the company to deepen partnerships with global players to unlock additional value from Abu Dhabi’s gas resources, support energy security, and meet rising global demand.
The Crown Prince further reflected on the 75th anniversary of Abu Dhabi’s first exploratory oil well at Ras Al Sadr in 1950, describing it as a defining milestone in the nation’s journey of resilience, vision, and diversification.
The meeting also addressed ADNOC’s domestic value-creation efforts through TA’ZIZ, its joint venture with ADQ. The first development phase in Al Ruwais Industrial City will produce 4.7 million tonnes of chemicals annually, including methanol, low-carbon ammonia, caustic soda, ethylene dichloride, vinyl chloride monomer, and PVC. Five of the six planned projects are already under construction, with the ammonia plant expected to be completed and commissioned in late 2026.
The meeting was attended by senior leaders including Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO; Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure; Ahmed Ali Al Sayegh, Minister of Health and Prevention; Khaldoon Khalifa Al Mubarak, CEO of Mubadala Investment Company; Jassem Mohamed Bu Ataba Al Zaabi, Chairman of the Abu Dhabi Department of Finance; and Omar Suwaina Al Suwaidi, Undersecretary at the Ministry of Industry and Advanced Technology.