Abu Dhabi National Oil Company

Name

Abu Dhabi National Oil Company

Legal name

Abu Dhabi National Oil Company

Website

https://adnoc.ae

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Supply Chain

Revenue model

1. Crude Oil Production and Sales: ADNOC produces crude oil (approximately 4.85 million barrels per day capacity) and sells it globally through spot tenders and long-term contracts. Murban crude is the flagship grade with API gravity of 40 and sulfur content of 0.778.
2. Natural Gas and LNG: ADNOC processes 11.5 billion cubic feet of natural gas per day, with ADNOC Gas supplying 60% of UAE's gas needs and exporting LNG and gas products to 20+ countries. Ruwais LNG project will produce 9.6 million tons per year.
3. Refined Products: ADNOC Refining supplies over 40 million metric tons of refined products annually through its network of refineries and 1,600km pipeline infrastructure.
4. Petrochemicals: Through Borouge (world's largest single-site polyolefins complex) and Fertiglobe (world's largest seaborne exporter of urea and ammonia), ADNOC generates revenue from petrochemical product sales.
5. Retail Fuel Stations: ADNOC Distribution operates over 450 retail fuel stations and 350+ convenience stores across the UAE, generating retail fuel and convenience store revenue.
6. Logistics and Shipping: ADNOC Logistics and Services provides shipping and integrated logistics, transporting energy products to over 100 customers in more than 50 countries.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

ADNOC is a diversified energy group producing and selling crude oil (Murban light sweet crude), natural gas, LNG, refined products (over 40 million metric tons annually), petrochemicals (polyolefins via Borouge), and fertilizers (urea and ammonia via Fertiglobe). It also operates domestic retail fuel stations and convenience stores through ADNOC Distribution, and provides maritime logistics services to more than 100 customers across 50+ countries.

Product overview

ADNOC is a diversified energy group offering a comprehensive portfolio of integrated products and services across the entire energy value chain. The company operates through multiple subsidiaries including upstream producers (ADNOC Onshore, ADNOC Offshore, ADNOC Sour Gas, Al Dhafra Petroleum, Al Yasat Petroleum), drilling services (ADNOC Drilling), downstream processing (ADNOC Refining), gas processing and marketing (ADNOC Gas), petrochemicals (Borouge, Fertiglobe), industrial services (TA'ZIZ), trading (ADNOC Trading, ADNOC Global Trading), logistics (ADNOC Logistics and Services), and fuel distribution (ADNOC Distribution). Key projects include the Ruwais LNG export facility, Hail & Ghasha sour gas development, and Unconventional Gas program. ADNOC also invests in clean energy through Masdar (targeting 100 GW capacity by 2030) and international expansion via XRG ($150B+ valuation). The company produces Murban crude oil, ADbase lubricants, and Jet A-1 aviation fuel. ADNOC has launched ENERGYai, the world's first agentic AI solution for the energy sector.

Differentiator

Problem solved

Functional benefit

Brands

• Murban: Light sweet crude oil produced by ADNOC, discovered at Murban Bab Oil Field in 1958 with API gravity of 40 and sulfur content of 0.778
• ADbase
• ENERGYai
• Takallam
• XRG
• Masdar

Products and services

• Murban Crude Murban is ADNOC's flagship light sweet crude oil grade, discovered at the Murban Bab Oil Field in 1958, with API gravity of 40 and sulfur content of 0.778. Sold globally as an official benchmark crude to Asian refiners through spot tenders and long-term contracts.
• ADbase ADbase is a high-quality Group II and Group III base oil produced by ADNOC at approximately 600,000 metric tons per year, sold to leading lubricant manufacturers globally.
• Jet A-1 Aviation Fuel Jet A-1 aviation fuel meeting the requirements of local and international customers; ADNOC became the largest jet fuel supplier for Europe in 2016.
• ADNOC Drilling Services ADNOC Drilling is the largest drilling company in the Middle East by rig fleet size and a key upstream services provider for both conventional and unconventional oil and gas resources. Listed on ADX in October 2021.
• ADNOC Offshore Production ADNOC Offshore is the largest offshore oil and gas producer in the UAE, accounting for about half of Abu Dhabi's total oil production capacity, with operations across nine fields, six artificial islands, and more than 400 offshore structures.
• ADNOC Onshore Production ADNOC Onshore is the legacy producer within ADNOC with operations dating back to 1939, managing 11 onshore fields and two export terminals, and producing the flagship Murban crude grade.
• ADNOC Sour Gas Operates the Shah Gas Field located 210 km southwest of Abu Dhabi city, producing natural gas, ethane, NGLs, condensate, and sulfur. The world's largest producer of granulated sulfur from a single site, accounting for about 5% of global sulfur production as of 2021.
• Al Dhafra Petroleum Emerging upstream company focused on developing new oil and gas fields in an onshore concession block in southeast Abu Dhabi.
• Al Yasat Petroleum ADNOC's youngest operating company, established in 2014 as the first joint venture with China National Petroleum Corporation (CNPC), focused on exploring and developing smaller fields using a digital, autonomous-well operating model.
• ADNOC Refining ADNOC Refining supplies over 40 million metric tons of high-quality refined products annually to markets worldwide and manages a 1,600 km pipeline network across Abu Dhabi.
• ADNOC Gas Processing and Marketing World-class gas processing and marketing company that processes 11.5 billion cubic feet of natural gas per day, supplies 60% of UAE's gas needs, and exports LNG and gas products to 20+ countries. Publicly listed on ADX in March 2023.
• Borouge Petrochemicals Borouge operates the world's largest single-site polyolefins complex, producing polyolefin solutions for infrastructure, energy, mobility, agriculture, healthcare, and advanced packaging. Publicly listed on ADX in June 2022.
• Fertiglobe Fertilizers Fertiglobe is the world's largest seaborne exporter of urea and ammonia combined and the largest producer of nitrogen fertilizer in MENA by production capacity. Listed on ADX in October 2021.
• TA'ZIZ Industrial Services and Logistics Park TA'ZIZ is an industrial services and logistics park driving the expansion of Al Ruwais Industrial City, supporting chemicals, manufacturing, and industrial sectors, including ADNOC's UAE methanol plant project.
• ADNOC Global Trading (Refined Products) ADNOC Global Trading is the international, fully-fledged trading company for ADNOC's refined products and supply feedstocks.
• ADNOC Trading (Crude Oil) ADNOC Trading focuses on trading crude oil to complement ADNOC's reliable and stable supply to domestic and international customers, supporting ADNOC's ambition to capture incremental value from every barrel.
• ADNOC Logistics and Services The region's largest shipping and integrated logistics company, delivering energy products to more than 100 customers in over 50 countries. Includes joint venture AW Shipping with Wanhua Chemical Group. Listed on ADX in June 2023.
• ADNOC Distribution Retail Fuel and Convenience Stores ADNOC Distribution is the UAE's leading fuel distributor and convenience store operator, running over 450 retail fuel stations and more than 350 convenience stores nationwide. Listed on ADX in December 2017.
• ADNOC City Gas Distribution ADNOC City Gas offers full-service natural gas supply and distribution solutions to residential, commercial, and industrial customers in the UAE.
• Ruwais LNG Export Facility Ruwais LNG is the first LNG export facility in the MENA region to run on clean power, with a designed production capacity of 9.6 million tons of LNG per year, supporting global reliable and affordable energy supply.
• Hail & Ghasha Sour Gas Development The world's largest offshore sour gas development, located 190 km northwest of Abu Dhabi, designed to support UAE gas self-sufficiency goals.
• Unconventional Gas Program ADNOC is a regional pioneer in unconventional gas, having started exploration in 2015 and delivered first unconventional gas production in 2020.
• XRG International Investment Vehicle XRG is ADNOC's international investment vehicle, valued over $150 billion, investing across energy and chemicals to deliver energy security and essential materials globally.
• Masdar Clean Energy Masdar is the UAE's clean energy powerhouse and a key pillar of ADNOC's strategy to expand its lower-carbon product portfolio and invest in renewable energy solutions, targeting 100 GW clean energy capacity by 2030.
• ENERGYai Agentic AI Solution ENERGYai is described as the world's first agentic AI solution for the energy sector, built by AIQ and deployed by ADNOC for autonomous optimization and multi-step decision-making across energy operations.

Quantifiable outcome

• 20% maintenance efficiency boost and 50% asset uptime increase through AI-powered autonomous optimization
• +1 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

15 partnerships are on record, tiered core.

• TotalEnergiescoreStrategic or Co-development Partner · 24 June 2026TotalEnergies acquired 10% participating interest in Abu Dhabi's Bab Gas Cap Concession, joining ADNOC (60%) and international partners. The concession targets 1.5 bcf/d of gas production and supports UAE gas self-sufficiency and LNG expansion including Ruwais LNG project. TotalEnergies has operated in UAE for 87 years.
• BPcoreStrategic or Co-development Partner · 24 June 2026BP holds 10% participating interest in the Bab Gas Cap Concession alongside ADNOC (60%) and other international partners for development of world's largest gas cap project.
• CNPC (China National Petroleum Corporation)coreStrategic or Co-development Partner · 24 June 2026CNPC holds 8% interest in the Bab Gas Cap Concession. ADNOC also has Al Yasat Petroleum joint venture with CNPC for exploration and development of oil and gas fields.
• INPEX/JODCOcoreStrategic or Co-development Partner · 24 June 2026JODCO, a subsidiary of INPEX (Japan's largest E&P company), holds 5% interest in the Bab Gas Cap Concession.
• China ZhenHua OilcoreStrategic or Co-development Partner · 24 June 2026China ZhenHua Oil holds 4% interest in the Bab Gas Cap Concession.
• GS EnergycoreStrategic or Co-development Partner · 24 June 2026GS Energy (Korean independent energy company) holds 3% interest in the Bab Gas Cap Concession.
• MitsuicoreStrategic or Co-development PartnerMitsui holds interest in ADNOC's Ruwais LNG export facility and has a long-term agreement with Venture Global for LNG supply. Mitsui is investing in Middle East LNG projects to meet rising power demand from data centers supporting AI infrastructure.
• Occidental PetroleumcoreStrategic or Co-development PartnerOccidental maintains active partnerships with ADNOC including exploration blocks and potential ADNOC investment in Occidental's U.S. carbon capture project. The UAE's exit from OPEC could enable expanded ADNOC operations with Occidental.
• Wanhua Chemical GroupcoreStrategic or Co-development PartnerADNOC uses vessels controlled by Navig8, majority owned by its shipping and logistics arm, and joint-venture partner Wanhua Chemical Group for dark shipping operations through Hormuz. AW Shipping joint venture with Wanhua owns and operates vessels for energy product transportation.
• ShellcoreStrategic or Co-development PartnerShell is a global energy and petrochemical company and listed ADNOC partner. ADNOC crude sold to Shell through trading houses. Shell operates in over 70 countries with advanced technologies for sustainable energy.
• India Strategic Petroleum Reserves Limited (ISPRL)coreStrategic or Co-development PartnerADNOC expanded crude oil storage partnership with Indian Strategic Petroleum Reserves to increase UAE-linked storage from 5.8 million to 30 million barrels. Includes strategic gas reserve framework and LPG supply arrangements. Signed during PM Modi's May 2026 visit.
• Indian Oil CorporationcoreStrategic or Co-development PartnerIndian Oil Corporation and ADNOC signed long-term LPG supply agreement extending 2023 term contract. Part of expanded UAE-India energy partnership during PM Modi's May 2026 Abu Dhabi visit.
• Korea National Oil CorpcoreStrategic or Co-development PartnerADNOC CEO Musabbeh Al Kaabi met with Korean Industry Minister to discuss bilateral energy cooperation. Korea secured 24 million barrels of crude from UAE under March agreement. Both sides explored new supply routes bypassing Strait of Hormuz.
• ExxonMobilcoreStrategic or Co-development PartnerExxonMobil is a listed ADNOC partner. ADNOC crude shipped to Atlantic Basin by ExxonMobil and TotalEnergies as falling premiums reopened arbitrage windows. Discussions on ADNOC potential investment in Occidental's carbon capture.
• XRGcoreStrategic or Co-development PartnerXRG is ADNOC's international investment vehicle valued over $150 billion, investing across energy and chemicals to deliver energy security globally. XRG is exploring upstream and LNG opportunities in Canada.

Scale indicators17 records

Recent moves14 records

Expansion highlights7 records

Direct peers

• Saudi Aramco: Saudi Arabia's state-owned national oil company and the world's largest integrated energy producer. Directly comparable to ADNOC across upstream, downstream refining, petrochemicals, LNG, and trading, with a similar state-owned model and Middle East export orientation.
• QatarEnergy: Qatar's state-owned integrated NOC and the world's largest LNG exporter. Closely comparable to ADNOC's LNG expansion (Ruwais LNG), North Field gas development model, and international partnership approach with IOCs.
• Kuwait Petroleum Corporation: Kuwait's state-owned integrated national oil company covering upstream, refining (KNPC), petrochemicals (PIC), and global marketing. Comparable Gulf-based integrated NOC with similar concession structure and downstream-petchem diversification.
• PetroChina / CNPC: China's state-owned integrated oil and gas major with global upstream, refining, and pipelines. Comparable as an integrated NOC with ADNOC partnership interests (Al Yasat JV, Bab Gas Cap 8%), and a key Asian customer/market for ADNOC crude and LNG.

Broad incumbents

• Shell: Global integrated IOC with major LNG, upstream, refining, and petrochemicals portfolios and trading capabilities. Overlaps with ADNOC across Murban crude trading, LNG offtake partnerships, and petrochemical investments, but operates a much broader and more diversified global portfolio.
• TotalEnergies: French global integrated IOC with significant LNG, upstream Middle East (UAE since 1939), refining, and renewables exposure. Comparable as a Bab Gas Cap partner (10%) and LNG buyer, but with a globally diversified portfolio beyond hydrocarbons.
• BP: Global integrated IOC with LNG, upstream, refining, and trading operations. Holds 10% in ADNOC's Bab Gas Cap and is a long-standing ADNOC partner; comparable integrated model and Asian LNG trading exposure.
• ExxonMobil: Global integrated IOC with major LNG, upstream, refining (including Group III base oils competing with ADbase), and petrochemicals. Listed ADNOC partner and Atlantic Basin arbitrage shipper of Murban crude.

Emerging players

• Reliance Industries: Indian integrated energy-to-petchems conglomerate with the world's largest refining complex (Jamnagar) and KG-D6 gas. Comparable to ADNOC's downstream/petchem and Indian-LNG-customer overlap, but privately held by Reliance and concentrated in India.

Regional players

• Indian Oil Corporation: India's largest state-owned refiner and ADNOC's largest crude and LPG customer. Comparable integrated downstream business in refining, marketing and petrochemicals, and a direct ADNOC counterparty under the expanded India-UAE energy partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adnocgroup
• YouTubeyoutube.com/channel/UCUT3t_cLWisExZKLw6ex_3A
• Facebookfacebook.com/AdnocGroupOfficial
• LinkedInlinkedin.com/company/adnoc
• Instagraminstagram.com/adnocgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries19 records

Funding overview

Funding rounds5 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abu Dhabi National Oil Company