The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

ADNOC to invest in downstream business to meet growing demand for refined and petrochemical products

posted on 10/11/2016: 1397 views

ADNOC, Abu Dhabi's integrated oil and gas company, said yesterday it will make significant investments in new projects to further increase its refining capability and expand its petrochemicals business over the next five years - as part of its recently announced ‘2030 Strategy'.

The new projects will focus on gasoline and aromatics production and additional polyolefin capacity, as the company targets growing domestic and international demand for refined and petrochemical products - particularly in Asia, where the petrochemical market is set to double by 2030.

The company also said that its strategy aims to ‘stretch the margin of each barrel of oil processed', as it seeks to deliver a more valuable and profitable downstream business.

Details of ADNOC's downstream expansion plans were announced at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), taking place at the Abu Dhabi National Exhibition Centre, until November 10 Abdulaziz Abdulla Alhajri, ADNOC's Refining & Petrochemicals Director, said: "We are the proud owners of world scale modern assets, located centrally to serve growing markets. We are creating synergies by integrating our refining and petrochemicals businesses across the value chain. This will meet the needs of the evolving and expanding market for refined and petrochemical products, drive efficiencies and increase profitability.

"ADNOC's ultimate goal is unlocking the full potential of our assets. So, we are pursuing profitable and integrated growth in refining and petrochemicals. We are also diversifying our product portfolio to make us more resilient to economic cycles and crude oil price fluctuations."

Alhajri was speaking after participating in a panel discussion on ‘The Era of Collaboration and How Synergies Power the Energy Landscape', held at The Middle East Petroleum Club, during ADIPEC, the world's most influential oil and gas event, taking place at the Abu Dhabi National Exhibition Centre.

The panel session provided insights into synergies across upstream, midstream and downstream and their role in today's low price oil market.

Under ADNOC's recently announced five-year plan and 2030 strategy, gasoline production will increase to 10.2 mtpa by 2022 to maintain local self-sufficiency.

Petrochemical production will grow from 4.5 mtpa in 2016 to 11.4 mtpa by 2025. The new expansion projects will add polyolefin capacity and new petrochemical products such as aromatics coming from a world scale mixed feed liquid cracker.


19 June 2017 Zakher Marine International, Quality Marine Services build three offshore barges at cost US$350
19 June 2017 UAE energy strategy to save up to AED700 billion by 2050: Minister of Energy
18 May 2017 ADNOC signs agreement with Penthol for Group III Base Oil Sales into US
17 May 2017 Development of young Emirati talent a priority for ADNOC, says Al Jaber
09 May 2017 UAE produces 208 million barrels of crude during Q1 2017

Most Read