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In 1962, the company was renamed the Abu Dhabi Petroleum Company. Exports began to flow from the Jebel Dhanna terminal on December 14, 1963. Abu Dhabi's government acquired 25% equity in the company in 1973 and increased its stake to 60% in 1974. The company started using the name Abu Dhabi Company for Onshore Petroleum Operations, ADCO, in 1978.
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).
Abu Dhabi: 17.3 8.1 92.2 239.5 Conglomerate: 1 242 First Abu Dhabi Bank: Abu Dhabi 20.8 4.3 336.3 36.6 Banking: 3 260 Emirates Group: Dubai 20.2 5.7 234.9 28.6 Airline 4 395 TAQA: Abu Dhabi 14.2 2.0 58.0 88.8 Oil and gas 5 473 Etisalat: Abu Dhabi 15.0 2.8 40.2 38.1 Telecommunication: 6 577 Abu Dhabi Commercial Bank: Abu Dhabi 9.9 2.2 161.9 16.7 ...
ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public. ADNOC declined to comment ...
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Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi artificial intelligence company G42 are having early discussions about a possible flotation of their joint venture technology firm AIQ, two ...
The Abu Dhabi National Oil Company (ADNOC) signed two EPC contracts in 2020, one with Petrofac Emirates LLC, a subsidiary of Petrofac Ltd., and the other with a joint venture with Petrofac and Sapura Energy Bhd. for the development of ADNOC's Dalma gas development project. Together, the contracts are valued to be worth over $1.65 billion, and ...
The Ruwais Refinery is operated by the Abu Dhabi National Oil Company (ADNOC). The complex can process up to 837,000 barrels [1] of crude oil and condensate per day, making it the fourth-largest single-site oil refinery in the world and the biggest in the Middle East. The refinery is situated in the city of Ruwais, in Abu Dhabi’s western ...