UAE President chairs ADNOC Board of Directors meeting

UAE President chairs ADNOC Board of Directors meeting

ABU DHABI, 28th November, 2022 (WAM) -- President His Highness Sheikh Mohamed bin Zayed Al Nahyan, today presided over the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors, in his capacity as its Chairman.

During the meeting, which was held at ADNOC Headquarters, the board directed ADNOC to pursue a Net Zero by 2050 ambition to support the UAE Net Zero by 2050 Strategic Initiative.

The board also approved ADNOC’s strategy to accelerate growth across its value chain to responsibly meet rising energy demand and support global energy security.

As part of the strategy, ADNOC will establish a new Low Carbon Solutions & International Growth vertical focused on new energies, gas, liquefied natural gas (LNG) and chemicals.

President His Highness Sheikh Mohamed bin Zayed praised ADNOC’s steps to further reduce its carbon footprint as it expands its operations to meet rising global energy demand.

His Highness noted ADNOC’s comprehensive approach to sustainability is a testament to the UAE’s commitment to remaining a responsible global energy provider and to enabling a more sustainable future.

Sheikh Mohamed underlined ADNOC’s important role as a primary catalyst for the UAE’s growth and diversification and commended the company for maximising value for the nation and creating