ADNOC Refining secures new international partners

ADNOC Refining secures new international partners

Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV on Thursday announced that it has entered into a strategic agreement with ADQ, Veolia Middle East, and Vision International Investment Company to acquire its waste management operations in Al Ruways Industrial City.

Under the agreement, signed at the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), ADQ, Veolia, and Vision Invest consortium will own and operate two world-scale waste management plants, which sustainably treat and dispose of industrial waste generated from across Adnoc’s operations.

The agreement supports Adnoc’s role as a catalyst for the UAE’s economic growth and industrial diversification by attracting additional international investment and strategic partnerships to Al Ruways. The partnership will also enhance the competitiveness of Adnoc Refining by allowing the company to focus on its core refining operations.

Abdulla Ateya Al Messabi, CEO of Adnoc Refining, said: “We welcome the consortium as our latest strategic partners in Al Ruways. This agreement demonstrates Adnoc’s focus on forging strategic partnerships to promote capital efficiency and unlock growth opportunities in Al Ruways and Abu Dhabi as a leading destination for international investors. The partnership also supports the UAE’s industrial growth through the provision of leading