The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). According to the Oil & Gas Journal, as of January 2015, the UAE holds the seventh-largest proven reserves of oil in the world at 97.8 billion barrels. Most of these reserves are located in Abu Dhabi. It is the world's 12th largest oil company by production, producing 3.1 million barrels per day. It is the UAE's largest company.
The talk's all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds - and its.. Reuters - Published
Over the past three years, Abu Dhabi National Oil Company (ADNOC) has expanded its oil and gas business and quietly raised more than $19 billion in a variety of ways. See main story: Reuters - Published
Abu Dhabi's Supreme Petroleum Council (SPC) on Monday announced a rise in the UAE's oil and gas reserves and launched a new pricing mechanism for Abu Dhabi National Oil Co's (Adnoc) flagship Murban.. WorldNews - Published
DUBAI/LONDON - The United Arab Emirates' state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the.. WorldNews - Published
The United Arab Emirates seek a de-escalation of tension in the Middle East, the head of state-run Abu Dhabi National Oil Company (ADNOC) said on Tuesday, after Iran accused the United States of.. Reuters - Published