Building on the momentum of successful ADIPEC, ADNOC plans to seize opportunities to further unlock value

SourceArabian Industry

ADNOC is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of ADIPEC.Provisional figures show that over 80,000 viewers from around the world tuned into ADIPEC’s strategic and technical sessions, with almost 40,000 viewers streaming the opening ceremony. At the 4-day event, which ended on 12 November, ADNOC made a series of strategic announcements that highlighted its drive to capture greater value across its portfolio and build long-term resilience as it pursues smart growth.Dr Sultan Ahmed Al Jaber, UAE minister of industry and advanced technology and ADNOC Group CEO, said: “During ADIPEC, we made several important announcements that underscored how ADNOC is reinforcing its resilience and doubling down on value creation to ensure we remain competitive and are well-positioned to help enable the post-Covid recovery by delivering a stable and reliable supply of energy to the world. We have demonstrated significant progress toward our objectives of creating a more profitable upstream business and a more valuable downstream, and enhancing our marketing and trading capabilities. At the same time, we are harnessing technology to reduce costs and maximise more...