The Abu Dhabi National Oil Company (ADNOC) has arranged the first investor forum in Abu Dhabi, hosting 200 attendees to provide a clearer vision for its 2030 growth strategy, the Emirates News Agency reported.
During the forum, ADNOC informed the attendees with the updated delivery of its 2030 growth strategy that aims to achieve self sufficiency and enable it to be a net gas exporter.
“ADNOC’s inaugural investor forum aims to provide the global investor and financial community with a deeper understanding of ADNOC’s ambitious vision and 2030 strategy to grow its presence across the energy value chain and secure greater market access for its products”, Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC CEO, said.
The company plans to invest around $44.9 billion in downstream value chain which will enable the company to triple its petrochemical production to 14.4 million tons per year by 2025 and develop the world’s largest integrated refining and petrochemicals complex in Ruwais.
ADNOC has added new partners to its concessions as well as executing some financial transactions and investment opportunities to establish a significant demand from global institutions.