ADNOC to build largest global refining & chemical site -CEO

07/03/2018 07:32 AST

State oil giant Abu Dhabi National Oil Co. (ADNOC) plans to build the world’s largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC’s chief executive officer said on Tuesday.

Speaking at the CERAWeek conference in Houston, Sultan Al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent the company’s biggest future opportunity. The company plans on tripling petrochemical production to 14.4 million tons annually by 2025, he said.

“Our goal by 2025 is to transform Ruwais into the largest integrated refining and chemicals site in the world — doubling our refining capacity and tripling our petrochemicals production,” said Al-Jaber.

Al-Jaber said the company also plans to make unexplored blocks of oil in the UAE available for auction in the near-future.


Arab News

News

Adnoc signs deals for sale of up to 1.5m tonnes of naphtha

30/03/2018

The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the signing of two new agreements, with Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 mil

The Gulf Today

Adnoc signs deals for sale of up to 1.5m tonnes of naphtha

29/03/2018

The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday the signing of two new agreements, with Idemitsu Kosan of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 mil

The Gulf Today

Adnoc awards $3.5bn contracts to Samsung Engg

27/03/2018

Abu Dhabi National Oil Company (Adnoc) has announced the signing two major contracts between Adnoc Refining, a wholly owned subsidiary of Adnoc, and Samsung Engineering of South Korea worth in excess

Trade Arabia

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

ADNOCDIST Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
PETRORABIGH 25.42 0.41 (1.63%)
BAHRI 31.56 -0.29 (-0.92%)
DANA 0.96 -0.02 (-2.05%)
TAQA 0.85 0.00 (0.00%)
ALDREES 26.08 -0.31 (-1.18%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap