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ADNOC Distribution is a mobility retailer, founded in 1973 and headquartered in Abu Dhabi, United Arab Emirates (UAE).Specializing in the distribution and marketing of fuel products, the company offers a variety of services and products at its service stations, including gasoline, convenience store items, car services, and property leasing and management. [4]
ADNOC Industrial Gas was founded in 2007. It manufactures industrial gas used in the oil, gas, and petrochemical industries. ADNOC Industrial Gas works very closely with ADNOC Gas Processing. The firm is a joint venture between ADNOC and the Linde Group of Germany. ADNOC holds 51% equity with the remainder held by Linde. [44]
ADNOC Gas Processing is based Abu Dhabi, UAE. It manages over 3,000 km of pipeline network and 26 processing trains. [2] [3] In 2000 ADNOC Gas Processing started a $1.5 billion tender for its gas terminals expansion. [4] [5] ADNOC launched a Downstream Investment Forum in 2018, which attracted more foreign investments for the Ruwais Refinery. [6]
The cost of gas has been volatile in recent years as markets react to world events, but it hasn't always been that way.
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The Government interest is held by the Abu Dhabi National Oil Company, ADNOC. ADCO was incorporated under Law No. 14 for 1978, on 8 October 1978 and has been responsible, since February 1979, for operations in the concession area, which after relinquishments, now covers more than 21,000 km 2 (8,100 sq mi).
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
Abu Dhabi National Oil Company: Field history; Discovery: 1962: Start of production: 1963: Production; Current production of oil: 300,000 barrels per day (~1.5 × 10 ^ 7 t/a) Estimated oil in place: 550 million tonnes (~ 620 × 10 ^ 6 m 3 or 3900 million bbl) Estimated gas in place: 30,700 × 10 ^ 9 cu ft (870 × 10 ^ 9 m 3)