UAE President Leads ADNOC Board Meeting
President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting at the company’s headquarters. During the meeting, the launch of XRG, a new entity focused on lower-carbon energy and chemicals investments, was approved. XRG aims to enhance ADNOC’s international expansion and value creation by targeting global demands for natural gas, chemicals, and low-carbon energies.
His Highness commended ADNOC for its progress in global growth, emphasizing that XRG will build on these successes to deliver sustainable long-term value for the UAE. The board also approved ADNOC’s plan to contribute AED200 billion (approximately US$54.5 billion) to the UAE economy in the next five years through its In-Country Value (ICV) program, which has already added AED55 billion (approximately US$15 billion) this year alone. Additionally, the ICV program has generated 5,500 jobs for Emiratis in collaboration with the Emirati Talent Competitiveness Council (Nafis).
Highlighting ADNOC’s pivotal role in the UAE’s growth and diversification, His Highness praised the company for its focus on generating value for the nation and fostering economic and industrial opportunities. ADNOC is also supporting the local manufacturing sector, having signed agreements worth AED72 billion (approximately US$19.6 billion) since 2022 to meet its procurement target of AED90 billion (approximately US$24.5 billion) by 2030 in alignment with the UAE’s ‘Make it in the Emirates’ initiative.
Further discussions involved ADNOC’s gas growth strategy, including the lower-carbon Ruwais LNG project, which aims to more than double UAE’s liquefied natural gas production to 15 million tonnes per annum. The board also reviewed ADNOC’s strategic international investments and digitalization initiatives, emphasizing its aim to become the most AI-enabled energy company globally.
Prior to the meeting, His Highness toured ADNOC’s AI center, showcasing innovative solutions like Robowell, the world’s first autonomous well-control system, and ENERGYai, an agentic AI solution developed with AIQ, G42, and Microsoft. His Highness interacted with young Emirati talent involved in AI projects, highlighting ADNOC’s efforts to nurture human capital and create additional revenue streams11485UAE President Leads ADNOC Board Meeting
President His Highness Sheikh Mohamed bin Zayed Al Nahyan chaired the annual ADNOC Board of Directors meeting held at the company’s headquarters. During this session, the approval for launching XRG, a company focused on lower-carbon energy and chemicals investments, was granted. This initiative aims to accelerate ADNOC’s global expansion and enhance value creation.
XRG will target investments aligning with the rising global demands for natural gas, chemicals, and low-carbon energy solutions.
His Highness praised ADNOC’s progress in executing its international growth strategy, highlighting that XRG will leverage these achievements to deliver long-term sustainable value for the UAE.
The board approved ADNOC’s plan to invest AED200 billion (US$54.5 billion) into the UAE economy over the next five years through the In-Country Value (ICV) program, following the AED55 billion (US$15 billion) injected this year. This program also generated 5,500 jobs for Emiratis in collaboration with the Emirati Talent Competitiveness Council (Nafis), contributing AED242 billion (US$65.9 billion) to the UAE economy and employing 17,000 Emiratis since its inception in 2018.
Emphasizing ADNOC’s critical role in UAE’s growth and diversification, His Highness commended the company’s focus on creating value and stimulating economic opportunities.
As part of these efforts, ADNOC advances local manufacturing within its supply chain. Since 2022, it has signed manufacturing agreements worth AED72 billion (US$19.6 billion) to achieve its goal of locally producing AED90 billion (US$24.5 billion) in products by 2030, supporting the ‘Make it in the Emirates’ initiative.
The board also reviewed ADNOC’s gas growth strategy, noting progress in tapping the UAE’s gas reserves to meet global demand. The Ruwais LNG project aims to double LNG production to around 15 million tonnes per annum, alongside building a global gas business with strategic investments in countries like Egypt, Mozambique, Azerbaijan, and the US.
Updates on ADNOC’s artificial intelligence and digital technology (AIDT) strategy were shared, showcasing efforts to become the most AI-enabled energy company globally. The board commended ADNOC’s leadership in digitalization and AI, enhancing efficiency and future-proofing its operations.
Ahead of the meeting, His Highness toured ADNOC’s AI center, gaining insights into AI integration from control rooms to boardrooms, enhancing safety, maximizing value, and reducing emissions. He was presented with innovations like the Robowell solution and briefed on ENERGYai, an agentic AI initiative by ADNOC with AIQ, G42, and Microsoft.
His Highness also interacted with young Emirati employees leading AI initiatives and learned about the upscale training of Emirati traders to generate additional revenues. He stressed the value of human capital and acknowledged the continued focus on talent development.
Attending the meeting were key UAE leaders such as His Highness Sheikh Mansour bin Zayed Al Nahyan and others, including Dr. Sultan bin Ahmed Al Jaber, who reinforced ADNOC’s role as an economic catalyst and reliable energy provider. Dr. Al Jaber emphasized the company’s transformative steps this year to strengthen its business and adopt AI technologies for efficiency and value creation.
Finally, the board acknowledged ADNOC’s sustainability efforts, urging a focus on its 2030 strategy and achieving net zero by 2045. ADNOC aims to maintain its position as one of the least carbon-intensive oil and gas producers, targeting a 25% reduction in carbon intensity and near-zero methane emissions by 2030.