UAE President chairs ADNOC Board of Directors meeting

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided implicit the yearly gathering of the ADNOC Board of Directors.

During the meeting, which was held astatine ADNOC Headquarters, His Highness approved the motorboat of XRG, a lower-carbon vigor and chemicals concern institution to accelerate ADNOC’s planetary maturation and thrust greater value.

XRG volition initially absorption connected investments that conscionable the increasing planetary request for earthy gas, chemicals and debased c energies.

His Highness praised ADNOC for its achievements successful delivering connected its planetary maturation strategy and noted that XRG volition physique connected these achievements and ADNOC’s way grounds successful vigor and investments to present semipermanent sustainable worth for the UAE.

The committee endorsed ADNOC’s people to thrust AED200 cardinal (US$54.5 billion) into the UAE system implicit the adjacent 5 years done its In-Country Value (ICV) programme, gathering connected AED55 cardinal (US$15 billion) delivered this year.

The ICV programme besides created 5,500 jobs for Emiratis successful the backstage assemblage this twelvemonth successful concern with the Emirati Talent Competitiveness Council (Nafis). These achievements bring the full worth ADNOC has driven backmost into the UAE system to AED242 cardinal (US$65.9 billion), with 17,000 Emiratis employed successful the backstage assemblage since the programme was launched successful 2018.

His Highness highlighted ADNOC’s important relation arsenic a superior catalyst for the UAE’s maturation and diversification and commended the institution for continuing to prioritise worth instauration for the federation and stimulate economical and concern opportunities for the backstage sector.

As portion of these efforts, ADNOC is enabling section manufacturing of captious concern products successful its proviso chain. The institution has signed section manufacturing agreements with UAE and planetary companies worthy AED72 cardinal (US$19.6 billion) since 2022, arsenic it delivers connected its people to locally manufacture AED90 cardinal (US$24.5 billion) worthy of products successful its procurement pipeline by 2030 successful enactment of the UAE’s ‘Make it successful the Emirates’ initiative.

The committee reviewed ADNOC’s state maturation strategy and commended the company’s advancement successful harnessing the UAE’s state resources to conscionable increasing planetary state demand. Through the lower-carbon Ruwais LNG project, ADNOC is much than doubling its existing UAE liquefied earthy state (LNG) accumulation capableness to astir 15 cardinal tonnes per annum (mtpa) portion gathering an integrated planetary state concern with strategical investments successful Egypt, Mozambique, Azerbaijan, and the US.

The committee was updated connected ADNOC’s artificial quality and integer exertion (AIDT) strategy arsenic it aims to go the world's astir AI-enabled vigor company. The committee praised ADNOC for its manufacture enactment successful leveraging digitalisation, precocious technologies, and artificial quality (AI) to heighten efficiencies and future-proof its business.

Ahead of the meeting, His Highness visited ADNOC’s world-class AI center, wherever helium was briefed connected however the institution is integrating AI from the power country to the committee country to heighten safety, maximise value, and trim emissions arsenic it continues to beforehand the UAE’s thriving AI ecosystem.

During the tour, His Highness was shown immoderate of ADNOC’s innovative AI solutions, including the world-first deployment of Robowell, an autonomous well-control solution, arsenic good arsenic the AI Lab, which is acceptable to place and signifier high-value AI usage cases crossed its operations. His Highness was besides updated connected ENERGYai, a first-of-its-kind agentic AI solution, which ADNOC precocious launched successful collaboration with AIQ, G42, and Microsoft.

His Highness met with a radical of young talented Emirati employees driving pioneering AI initiatives. Building connected the occurrence of ADNOC’s Trading Academy, His Highness was briefed connected however young Emirati commodity traders are being upskilled to make further gross streams for the institution crossed its planetary trading businesses.

His Highness praised ADNOC for empowering young Emirati endowment and delivering respective strategical initiatives to make its people. His Highness stressed that radical are the nation’s top asset, and the UAE enactment volition proceed to prioritise quality superior development.

His Highness thanked ADNOC employees for their hard enactment and dedication and emphasised the value of continuous show improvement, efficiency, and agility.

Attending the gathering were His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court; H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council; H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC); Dr. Ahmed Mubarak Al Mazrouie, Member of the Executive Council and Chairman of the Abu Dhabi Executive Office; Ahmed Ali Al Sayegh, Minister of State; Jassem Al Zaabi, Member of the Executive Council and Chairman of the Department of Finance; Awaidha Murshed Al Marar, Member of the Executive Council and Chairman of the Department of Energy; and Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority and Managing Director and Group CEO of Mubadala.

Dr. Al Jaber said, “Under the guidance of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the steadfast enactment of the ADNOC Board of Directors, ADNOC is reinforcing its captious relation arsenic a catalyst for the UAE’s economical and concern maturation and a reliable planetary vigor provider. This twelvemonth has been a transformative play for ADNOC wherever we person taken important steps to future-proof our business, pivot to caller maturation opportunities crossed the vigor worth concatenation and the world, and accelerate the adoption of AI to thrust ratio and unlock greater value. With the enactment of each my colleagues crossed the ADNOC Group, we volition physique connected this momentum to present much vigor with less emissions to empower lives and substance economies portion delivering semipermanent sustainable worth and growth.”

ADNOC’s beardown sustainability show and its efforts to decarbonise and thrust low-carbon maturation was besides highlighted by the board. The committee directed ADNOC to treble down connected its 2030 sustainability strategy and its industry-leading nett zero by 2045 ambition.

ADNOC ranks among the slightest carbon-intensive lipid and state producers successful the satellite and is further reducing its c strength by 25% and targeting near-zero methane emissions by 2030.

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