In a move that reflects a continued commitment to enhancing energy security and expanding growth strategies, Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council of Abu Dhabi, chaired a meeting of the Executive Committee of the ADNOC Board of Directors. The meeting, held at the company’s headquarters, addressed the importance of ADNOC’s resilience in maintaining operational safety and reliable energy supplies, as well as discussing future projects that will enhance the UAE’s capacity to meet global market demands.
Review of Projects and Future Directions
During the meeting, Khaled bin Mohamed bin Zayed praised efforts to secure sustainable energy supplies, highlighting the significance of the “West-East 1” pipeline project. This project is expected to double ADNOC’s export capacity through the Emirate of Fujairah, is currently under development, and is anticipated to be completed by 2027. His Highness called for expediting progress to achieve global energy goals.
Enhancing Efficiency and Productivity
His Highness reviewed the company’s performance, emphasizing the progress ADNOC has made in key growth projects. He affirmed that Khaled bin Mohamed bin Zayed views ADNOC as a reliable global energy producer, capable of responsibly increasing production to meet market needs, especially when the necessary export capacities are available.
“Taziz” Projects and Their Role in the National Economy
The Executive Committee of the ADNOC Board expressed support for the progress made in developing the first phase of the “Taziz” chemicals complex in the Ruwais Industrial City. His Highness pointed out the importance of this complex in creating new local value chains. He also welcomed the long-term supply agreements announced by “Taziz,” aimed at producing essential chemicals used across multiple sectors. Production capacity is expected to reach 4.7 million tons annually by the end of 2028, positioning it as one of the largest industrial complexes in the Gulf.
The Importance of National Content
His Highness reiterated the importance of the “ADNOC National Content Program,” which contributes to supporting growth and providing local opportunities. He directed the company to prioritize products manufactured within the UAE in all projects and operations, thereby enhancing the economic value for locals.
The meeting also included several prominent figures, including His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, along with various concerned ministers, highlighting the institutional collaboration aimed at achieving the strategic goals of the UAE.