Khalid bin Mohammed bin Zayed chairs the meeting of the Executive Committee of the ADNOC Board of Directors

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Chairman of the Executive Council of the Emirate of Abu Dhabi, chaired the meeting of the Executive Committee of the Board of Directors of ADNOC, which was held at the company’s headquarters.

During the meeting, His Highness reviewed the “ADNOC” initiatives aimed at expanding and achieving growth locally, including the program to explore and develop unconventional resources, to ensure the continuity of the company’s contribution to creating and promoting value and keeping pace with its business towards the future, where “ADNOC” develops new local value chains and support The growth of the economies and industry sectors in the UAE, in conjunction with the company’s work to expand its business portfolio and consolidate Her position is reliable for energy sources globally.

In this context, it should be noted that the company “Agaen”, the joint project between “ADNOC” and “ADQ”, recently announced the awarding of a contract to establish the first methanol production factory in the UAE, which is one of the most important types of transitional fuel for energy generation , It provides a cleaner alternative to traditional fuel that includes coal and diesel.

His Highness also reviewed the developments of the ambitious international plans of the company “XRG”, which is fully owned by “ADNOC”, which invests in global energy systems, which contributes to accelerating the international growth of “ADNOC” and meets the growing global demand for energy.

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan praised the continuous efforts of “ADNOC” to establish new standards in the field of sustainable growth and low carbon energy production, stressing His Highness the importance of continuing joint projects that would enhance the leadership of the UAE in the areas of carbon emissions and move forward towards diversifying production Energy sources, in support of national sustainability efforts, by adopting new technologies And environmentally friendly initiatives.

Support national industrialization

His Highness pointed out, during the meeting, the importance of the next session of the “Maken in the Emirates” forum, which will be held during the month of May in Abu Dhabi, praising the continuous “ADNOC” efforts to contribute to supporting national industrialization and encouraging the use of local products and services, as this forum allows investors and companies A platform to take advantage of the opportunities provided by the growth of the industrial sector in the UAE, while “ADNOC” continues in its program to enhance the national content that It creates local manufacturing opportunities for Emirati and international companies.

During the meeting, His Highness also reviewed the developments of “ADNOC” initiatives aimed at enhancing the capabilities of its cadres, consolidating family ties and promoting the Emirati national identity, in line with the “General Society” initiative, where His Highness stressed the importance of these efforts in building a stimulating and sustainable work environment that contributes to supporting competencies National and consolidate its role in achieving development and prosperity.

The meeting was attended by Dr. Sultan Ahmed Al -Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of “ADNOC” and its group of companies; And Ahmed Ali Al -Sayegh, Minister of State; Khalifa Al -Mubarak, Managing Director and CEO of the group at Mubadala Investment Company; And Jassem Muhammad Bou hero Al -Zaabi, Head of the Finance Department – Abu Dhabi.