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Abu Dhabi National Energy Company
Energy
UAE’s ADNOC Distribution revamps dividend policy, commits to $700 million or 75 percent of net profit until 2028
The company also reiterated dedication to 5-year growth strategy, encompassing AI, digitalization, and cutting-edge tech
Energy
UAE’s ADNOC starts crude oil extraction from Belbazem offshore block
Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
Sustainability
ADNOC recognized as top NOC investor in low-carbon solutions: Report
The company was also ranked 5th largest investor in the industry in 2023
Sustainability
ADNOC boosts budget allocation to $23 billion for lower-carbon projects
Company also aims to inject $48.5 bn back into UAE economy over next 5 years
Sustainability
UAE’s ADNOC inks first 15-year LNG supply deal with China’s ENN
Targeting first sales in 2028
Banking & Finance
UAE’s TAQA reports AED15 bn net income for first nine months of 2023
Company refreshed 2030 growth targets