The Abu Dhabi National Oil Company (ADNOC) will continue to invest responsibly in order to deliver on its 2030 smart growth strategy, according to a press release. The company also stressed its commitment to deliver its targets in production capacity growth in order to ensure a stable and reliable supply of energy despite global challenges.
CEO of ADNOC, Dr Sultan Ahmed Al Jaber, stressed the company’s dedication towards protecting the workforce alongside delivering uninterrupted production. However, the company will continue to invest responsibly and smartly through the downturn in market growth with a firm focus on performance, profitability and efficiency.
ADNOC insists that it will reinforce its In-Country Value (ICV) program to stimulate economic growth, generate more commercial opportunities for the private sector, and create skilled jobs for UAE nationals. To date, the program has driven more than AED 44 billion ($12 billion) back into the UAE economy and created over 1,500 private-sector jobs for UAE nationals since it was launched in 2018.