ADNOC

Name

ADNOC

Legal name

Abu Dhabi National Oil Company (شركة بترول أبوظبي الوطنية)

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

Product category

Integrated Oil and Gas

NAICS

Petroleum Refineries (32411), Petroleum Refineries (324110), Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Gasoline Stations (4571), Petroleum Bulk Stations and Terminals (424710)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industry

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA)

Keywords

• Crude oil production
• Natural gas processing
• LNG export operations
• Petrochemical manufacturing
• Retail fuel distribution

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Crude Oil Production and Sales: ADNOC produces crude oil (Murban light sweet crude) from onshore and offshore fields with production capacity of approximately 4.85 million barrels per day. Revenue is generated through long-term contracts and spot sales to international refiners, primarily in Asia-Pacific.
2. Natural Gas and LNG: ADNOC produces and processes natural gas (11.5 bcf/day capacity) and exports LNG. The Ruwais LNG project will produce 9.6 million tonnes per year of LNG for export markets.
3. Refined Products: ADNOC Refining supplies over 40 million metric tons of refined products annually including jet fuel (largest supplier for Europe in 2016), base oils (ADbase), and other petroleum products through its 1,600km pipeline network.
4. Petrochemicals (Borouge): Borouge operates the world's largest single-site polyolefins complex, producing innovative polyolefin solutions for infrastructure, energy, mobility, agriculture, healthcare, and packaging industries. Borouge 4 expansion adds 1.4 million tonnes/year capacity.
5. Urea and Ammonia (Fertiglobe): Fertiglobe is the world's largest seaborne exporter of urea and ammonia combined with 6.7 million tons of sellable production capacity.
6. Retail Fuel Distribution: ADNOC Distribution operates over 450 retail fuel stations and 350+ convenience stores across the UAE, generating revenue from fuel retail and non-fuel convenience offerings.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

ADNOC is a state-owned integrated energy group that produces and exports crude oil (Murban light sweet crude, ~4.85 million barrels/day capacity), processes and markets natural gas and LNG, refines petroleum products, manufactures petrochemicals (polyolefins via Borouge) and nitrogen fertilizers (urea and ammonia via Fertiglobe), and distributes retail fuel and convenience goods across the UAE. Operations span upstream exploration and production, midstream processing, transmission and shipping, and downstream refining, marketing and trading.

Product overview

ADNOC is a leading diversified energy group wholly owned by the Abu Dhabi Government, operating a fully-integrated energy portfolio across the entire value chain from exploration and production through refining, petrochemicals, and marketing. The company manages a portfolio of subsidiaries and joint ventures including ADNOC Drilling (offshore and onshore drilling services), ADNOC Offshore and ADNOC Onshore (production operations), ADNOC Sour Gas (Shah Gas processing), ADNOC Refining and ADNOC Gas (downstream processing), Borouge (petrochemicals), Fertiglobe (urea and ammonia), and TA'ZIZ (industrial chemicals ecosystem). ADNOC's marketing and trading arm includes ADNOC Distribution (retail fuel stations), ADNOC Logistics and Services (shipping and logistics), ADNOC Global Trading and ADNOC Trading (commodity trading). The group also includes clean energy initiatives through Masdar and Hydrogen business, plus ADNOC City Gas for domestic distribution. ADNOC's flagship crude product is Murban, a light sweet crude traded internationally. Major growth projects include the Ruwais LNG export terminal and the Hail and Ghasha offshore gas development. The company targets 5 million barrels per day oil production capacity by 2027 and is expanding into gas, LNG, and chemicals as part of its diversification strategy.

Differentiator

Problem solved

Functional benefit

Brands

• XRG: ADNOC's international investment vehicle targeting global energy and chemicals investments, with enterprise value exceeding $150 billion
• Masdar
• ADNOC Murban
• TA'ZIZ
• ENERGYai
• Takallam

Products and services

• ADNOC Murban Crude Light sweet crude oil with API gravity of 40 and sulfur content of 0.778%, produced by ADNOC Onshore and traded as a regional benchmark crude on international markets.
• Ruwais LNG LNG export project producing 9.6 million tons per year, marketed to international buyers across 20+ countries.
• ADNOC Refining Products Over 40 million metric tons per year of refined petroleum products including jet fuel (ADNOC became largest jet fuel supplier for Europe in 2016), ADbase Group II & III base oils, naphtha, and other products.
• Borouge Polyolefins Polyolefin solutions (6.4 million tonnes annual capacity) for infrastructure, energy, mobility, agriculture, healthcare, and advanced packaging industries, produced at the world's largest single-site polyolefins complex.
• Fertiglobe Urea and Ammonia World's largest seaborne exporter of urea and ammonia with 6.7 million tons of sellable production capacity, serving global agriculture and industrial customers.
• ADNOC Distribution Retail Fuel and Convenience UAE's leading fuel distributor and convenience store operator with over 450 retail fuel stations and 350+ convenience stores serving individual consumers and businesses.
• ADNOC Hydrogen Clean hydrogen business with over 300,000 tonnes per year production for industrial use; ADNOC acquired 35% stake in ExxonMobil's Baytown, Texas blue hydrogen project.
• ADNOC Global Trading and ADNOC Trading International trading arms handling crude oil (ADNOC Trading) and refined products and supply feedstocks (ADNOC Global Trading) to capture incremental value.
• ADNOC Logistics and Services (L&S) Region's largest shipping and integrated logistics company, dedicated logistics arm of ADNOC, delivering energy products to more than 100 customers in over 50 countries via maritime fleet.
• ADNOC City Gas Natural gas distribution services supplying residential, commercial, and industrial customers in the UAE.
• Masdar Clean Energy UAE's clean energy powerhouse developing renewable energy, green hydrogen, and carbon capture solutions, targeting 100 GW clean energy capacity by 2030.
• Hail and Ghasha Offshore Gas Project Offshore gas development designed to produce 1.8 bcf/day with net-zero operations and capture 1.5 million tonnes of CO2 annually.
• TA'ZIZ Industrial Chemicals Ecosystem Industrial services and logistics park enabling expansion of Al Ruwais Industrial City, Abu Dhabi's chemicals, manufacturing and industrial sectors through a joint venture between ADNOC and ADQ.

Quantifiable outcome

• 30% reduction in safety incidents through HSE Cockpit.ai deployment
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

26 partnerships are on record, tiered core.

• BPcoreStrategic or Co-development Partner · 25 June 2026BP has taken a 10% stake in the Bab Gas Cap project, one of Abu Dhabi's largest gas fields expected to produce 1.5 bcf/d of gas. This marks BP's first entry into upstream gas resources in Abu Dhabi, supporting UAE gas self-sufficiency and ADNOC's LNG export expansion plans.
• TotalEnergiescoreStrategic or Co-development Partner · 25 June 2026TotalEnergies acquired 10% stake in Bab Gas Cap concession (ADNOC 60%, bp 10%, CNPC 8%, JODCO/INPEX 5%, ZhenHua 4%, GS Energy 3%). TotalEnergies also holds 10% in Ruwais LNG project. Over 80 years of operations in UAE.
• ADQcoreStrategic or Co-development Partner · 12 June 2026ADQ is ADNOC's partner in TA'ZIZ joint venture for chemicals and transition fuels ecosystem at Al Ruwais Industrial City. ADQ brings investment and development capabilities to the partnership.
• TA'ZIZcoreStrategic or Co-development Partner · 12 June 2026TA'ZIZ is the industrial services and logistics park driving expansion of Al Ruwais Industrial City. ADNOC and ADQ joint venture enabling chemicals manufacturing and industrial growth.
• SOCAR (Azerbaijan)coreStrategic or Co-development Partner · 3 June 2026ADNOC signed sales purchase agreement to secure natural gas from Azerbaijan's Absheron gas field with SOCAR, TotalEnergies, and Turkey's BOTAS. ADNOC holds 30% stake in Absheron.
• BOTAS (Turkey)coreStrategic or Co-development Partner · 3 June 2026Turkey's state-owned pipeline company co-signed the 15-year natural gas agreement for Absheron field gas supply alongside SOCAR, TotalEnergies, and ADNOC.
• India Strategic Petroleum Reserves LimitedcoreStrategic or Co-development Partner · 15 May 2026Strategic collaboration agreement potentially increasing ADNOC's crude oil storage in India to 30 million barrels across Mangalore, Vishakhapatnam, and Chandikol. Also explores crude storage in Fujairah.
• AIQcoreTechnology or Integration · 10 May 2026AIQ developed ENERGYai, the world's first agentic AI solution for the energy sector, which is deployed by ADNOC for operational optimization.
• Eni S.p.A.coreStrategic or Co-development Partner · 18 December 2025Eni is a partner in the Hail and Ghasha offshore gas development project with a structured financing deal of up to $11 billion. Eni is involved in the MENA gas development supporting ADNOC's growth strategy.
• PTT Exploration and Production Public Company LimitedcoreStrategic or Co-development Partner · 18 December 2025PTTEP is a partner in the Hail and Ghasha offshore gas development project, contributing to ADNOC's gas production capacity expansion.
• OCIcoreStrategic or Co-development Partner · 15 December 2024ADNOC acquired OCI's entire stake in Fertiglobe for $3.62 billion, increasing ADNOC's ownership to 86.2%. Fertiglobe is the world's largest seaborne exporter of urea and ammonia.
• ShellcoreStrategic or Co-development PartnerShell is a global energy partner of ADNOC, engaged in collaborative energy projects leveraging advanced technologies for sustainable energy solutions.
• CNPC (China National Petroleum Corporation)coreStrategic or Co-development PartnerCNPC holds 8% participating interest in the Bab Gas Cap concession alongside ADNOC and other international partners. CNPC is China's largest oil and gas producer and supplier.
• INPEX/JODCOcoreStrategic or Co-development PartnerJapan's largest exploration and production company holding 5% in Bab Gas Cap concession. INPEX is engaged in oil and natural gas projects including Abu Dhabi offshore concessions.
• ZhenHua OilcoreStrategic or Co-development PartnerChinese national oil company holding 4% in Bab Gas Cap concession. China ZhenHua Oil operates upstream projects in six countries with gross production of ~10 million metric tons per year.
• GS EnergycoreStrategic or Co-development PartnerKorean energy company holding 3% in Bab Gas Cap concession. GS Energy is a new independent Korean energy company incorporated in 2012.
• OMVcoreStrategic or Co-development PartnerADNOC holds 24.9% stake in OMV, Austria's largest listed industrial company. The partnership includes formation of Borouge International combining Borouge and Borealis with NOVA Chemicals acquisition.
• Borealis AGcoreStrategic or Co-development PartnerBorealis is a leading polyolefin and chemical solutions provider headquartered in Vienna. ADNOC and Borealis jointly operate Borouge, the world's largest single-site polyolefins complex.
• Exxon MobilcoreStrategic or Co-development PartnerLong-standing ADNOC partner in upstream concessions. Exxon Mobil is involved in ADNOC Onshore and Offshore concessions as a key international partner.
• ONGC (Oil and Natural Gas Corporation)coreStrategic or Co-development PartnerIndia's largest crude oil and natural gas company, contributing ~71% to Indian domestic production. ONGC Videsh participates in ADNOC projects with presence in 20 countries.
• TaurobcoreTechnology or IntegrationTaurob developed the heavy-duty autonomous inspection robot deployed at ADNOC's Taweelah Gas Compression Plant for hazardous environment inspections.
• EquinorcoreTechnology or IntegrationEquinor is part of the ARGOS Joint Industry Project co-developing the energy industry's first heavy-duty operator robot with ADNOC, TotalEnergies, Petrobras, Saft, and Taurob.
• TotalEnergiescoreTechnology or IntegrationTotalEnergies is co-developing heavy-duty operator robot through ARGOS Joint Industry Project with ADNOC, Equinor, Petrobras, Net Zero Technology Centro, Saft, and Taurob.
• PetrobrascoreTechnology or IntegrationPetrobras participates in ARGOS Joint Industry Project for heavy-duty operator robot development alongside ADNOC, Equinor, TotalEnergies, and other partners.
• MasdarcoreStrategic or Co-development PartnerUAE's clean energy powerhouse and ADNOC subsidiary targeting 100 GW clean energy capacity by 2030. Masdar is a key pillar of ADNOC's lower-carbon portfolio expansion.
• Wanhua Chemical GroupcoreStrategic or Co-development PartnerADNOC partnership with Wanhua through AW Shipping (joint venture) for vessel ownership and operation for energy product transportation. Also collaborating on polyolefins complex in Fuzhou, China.

Scale indicators18 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Saudi Aramco: Saudi Aramco is the world's largest integrated oil and gas company and the most direct peer to ADNOC as a Middle East national oil champion. Both operate fully integrated upstream-to-downstream businesses, hold massive sovereign-backed hydrocarbon reserves, and pursue similar diversification into LNG, petrochemicals, and clean energy.
• QatarEnergy: QatarEnergy is the Middle East's leading LNG producer and a direct peer to ADNOC in integrated national oil company operations. Both are state-owned, pursue LNG expansion strategies, and compete for the same Asian and European gas buyers as ADNOC scales its gas business.
• Kuwait Petroleum Corporation: KPC is Kuwait's national oil company and a direct peer as a Gulf-based integrated NOC. It operates similar upstream production, refining through KNPC, and international marketing operations serving comparable Asian and European markets.
• OMV: OMV is ADNOC's 24.9% stake partner and co-owner of Borouge International (combining Borouge, Borealis, NOVA Chemicals). This makes OMV a direct peer in petrochemicals and refining, particularly for polyolefins and European chemicals markets.

Broad incumbents

• ExxonMobil: ExxonMobil is one of ADNOC's largest international partners (onshore/offshore concessions) and a broad incumbent peer in integrated upstream, refining, petrochemicals, and LNG. Comparable on technology deployment, global scale, and integrated value chain, though privately held and globally diversified rather than nationally concentrated.
• Shell: Shell is a long-standing ADNOC strategic partner and a broad incumbent supermajor peer across upstream, LNG, refining, and petrochemicals. Both companies compete in LNG markets and pursue energy transition strategies, though Shell is privately held with global portfolio diversification.
• BP: BP is a core ADNOC partner (10% Bab Gas Cap stake, upstream concessions) and a broad incumbent supermajor peer in integrated oil & gas, LNG, and energy transition. BP's pivot back into upstream gas and Abu Dhabi presence makes it a particularly close comparable in gas strategy.
• TotalEnergies: TotalEnergies is a major ADNOC partner (10% Bab Gas Cap, 10% Ruwais LNG, 80+ years in UAE) and a broad incumbent peer in integrated oil & gas with strong LNG positioning. Both companies emphasize lower-carbon production and diversification into clean energy and electricity.
• ENI S.p.A. ENI is a Hail and Ghasha partner with $11bn structured financing and Absheron gas field stakeholder, making it a direct peer in Mediterranean/MENA gas development and a broad incumbent in integrated oil & gas with similar refining and petrochemical operations.

Regional players

• Petrobras: Petrobras is a state-owned integrated oil company and a regional peer in upstream production and refining. ADNOC partners with Petrobras through the ARGOS Joint Industry Project for autonomous robotics development, reflecting shared technical collaboration in offshore operations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries20 records

Funding overview

Funding rounds6 records

Investors26 records

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

M&A1 record

Investments

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

Frequently asked questions about ADNOC