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Abu Dhabi National Oil Company (ADNOC)United Arab Emirates

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Last update: 2023-11-29 00:00:00
Pick-up truck owned by ADNOC at ADNOC gas station in Abu Dhabi, UAE. Photo: Aravind Sivaraj via WikiMedia (CC: BY-SA-3.0)

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
Last update: 2023-11-29 00:00:00
Why this profile?

Why this profile?

The Abu Dhabi National Oil Company (ADNOC) is the world’s 14th most polluting company and one of the ten largest companies in the energy sector worldwide. It is planning on increasing its crude oil production capacity by 25% to 5 million barrels per day by 2030.

ADNOC's CEO is the Chair of the 28th UN Climate Conference (COP28). It is the first time that a CEO, let alone one from the fossil fuel industry, is appointed as chair of a COP. COP28 will take place in Dubai from November 30th to December 12th, 2023.

What must happen

Banks and other financial institutions must demand that their fossil fuel major clients immediately halt all activities that expand fossil fuel infrastructure, and develop and implement credible phase-out plans for their existing fossil-fuel-based activities, on a timescale aligned with Paris Agreement goals. In the absence of such commitments, banks must stop servicing ADNOC.

About
Sectors Oil and Gas Extraction , Onshore/offshore exploration, extraction or refining of Coal or Oil;, Pipeline Transportation of Crude Oil, Pipeline Transportation of Natural Gas
Headquarters
Ownership

90% of the shares in the company are owned by the Emirate of Abu Dhabi. A complete list of shareholders can be found here.

Subsidiaries
Website http://www.adnoc.ae

ADNOC is a diversified energy group founded in 1971. It is owned by the Emirate of Abu Dhabi, which retains 90% of the shares. Its CEO, Sultan Ahmed al-Jaber, is the Chair of COP28 in Dubai. 

ADNOC has 16 subsidiaries in the upstream, midstream, and downstream stages of production of oil and gas and it employs about 30,000 people. Its net profit increased by 33% in 2022 to USD 802 million. 

It is the 11th largest oil and gas company in the world by extraction volume. According to Urgewald’s Global Oil & Gas Exit List, ADNOC produced 1,035 million barrels of oil equivalent in 2021 and has short-term expansion plans for 7,562 million barrels of oil equivalent as of September 2022.

There are concerns that al-Jaber’s leadership of COP28 will provide fossil fuel companies with exclusive access to the climate negotiations and the ability to effectively disrupt progress. The nomination has been seen as a clear conflict of interest and the strong fear of corporate capture of the UN climate conferences has sparked public backlash, due to worries that the appointment could put an end to the already fragile attempts to achieve real climate action at the conference.

Impacts

Impact on human rights and communities

Impacts on workers’ rights The Emirati oil and gas industry is highly dependent on a low-paid migrant workforce from South-Asian countries. Migrant workers in the oil and gas sector in the UAE, primarily for ADNOC, are working in risky conditions. They are forced to work strenuously long shifts in dangerous temperature and humidity levels. There is also a lack of transparency around working conditions and deaths of workers. Work-related deaths are often labelled as being due to ‘natural causes’. 

During the Covid-19 pandemic, ADNOC let go of thousands of its employees. They were forced to choose between being fired or signing a letter of resignation, with the promise of larger final settlements for whoever chooses to resign. Workers were then given a pre-drafted resignation letter to sign, which they often did not understand as it was not translated or explained to them. A 2022 report by NGO Equidem found that hundreds of migrant workers, then relocated to their home countries, were still owed their last wages and the promised settlement.

Impacts on livelihoods ADNOC holds a 25% stake in the Ratnagiri Refinery and Petrochemicals Ltd (RRPCL) project in the Maharashtra region of India. The refinery is expected to be the world’s largest single-location refinery complex and, once operational, it will process 1.2 million barrels of crude oil per day. 

The project is set to displace the inhabitants of 17 villages located on the 5,261 hectares of land, mostly mango farmers or fisherfolk who depend on their lands and the coast for their livelihoods. The refinery has sparked opposition among local communities because of concerns about its impact on their livelihoods. Residents fear potential oil spills and contaminated waste water discharges could pollute the lands and sea and cause unemployment and economic loss. 

Impacts on water resources The area where the RRPCL is to be located is a vast laterite plateau that, due to its porous rock formations, is characterised by underground aquifers. These underground water basins are the main source of drinking water for the many villages at the base of the plateau. The refinery could impact the groundwater supply, as it would hinder the natural process that recharges underground aquifers with rainwater percolating through the porous rocks, with the additional risk that toxic waste from the refinery may seep into the underground aquifers.

Impacts on historical sites The communities impacted by the RRPCL project also claim that it will threaten over 1,000 prehistoric geoglyphs (large carvings of animals and human figures into rock formations) that hold historical and cultural significance. In April 2022, these ancient sites were added to a tentative list of UNESCO’s World Heritage sites. Discovered across the region since 2015, some of these 20,000-year-old artworks measure over 30 feet tall and they attract thousands of tourists from around the world, another source of income for the local villages.

Violence against community resistance In February 2023, Sashikant Warishe, a journalist who focused his work on the residents’ resistance to the RRPCL project and the irregularities in the land acquisition process, was deliberately hit by an SUV and killed. The driver was a local land broker that was known to threaten and harass citizens resisting the acquisition of land for the refinery’s development. Mr Warishe had published an article about his killer the same day.

On April 25th 2023, also at the site of the RRPCL project, over 700 protesters were arrested by police and 111 were detained and charged with rioting, unlawful assembly and disobedience to public order. On April 28th, Vinayak Raut, member of the Indian Parliament and representative for the Ratnagiri area, was also arrested after he blocked a local road by initiating a sit-in. This triggered further protests at the site. The police responded to these protests by firing tear gas canisters at the protesters.

Since April 2023, the government has deployed an unprecedented amount of police personnel in Barsu Solgaon, Block Rajapur, and the Ratnagiri District to conduct soil testing and other tests for the project, creating an atmosphere of control and oppression among the local communities.


Impact on climate

Expansion of oil & LNG operations In 2022, ADNOC produced 2.7 million barrels of oil per day, and its goal is to increase production to five million barrels per day by 2027. While Sultan al-Jaber, in his recent PR events as appointed president of COP28, has more than once stated that the world must rapidly reduce emissions and that the United Arab Emirates is not afraid of working for the energy transition, his company is developing and evaluating expansions in extraction sites across the UAE equivalent to 7.5 billion barrels of oil. 89.8% of the planned expansion would overshoot the limits of the Net-Zero Emissions by 2050 pathway set by the International Energy Agency (IEA). According to Energy Monitor, ADNOC is one of the 25 oil companies that alone, thanks to their expansion plans, are set to “blow the world’s 1.5°C carbon budget.” 

In addition, ADNOC has recently established a new gas and LNG subsidiary, ADNOC Gas.The company plans to double its LNG production, from 6 to 12 million tons annually by the end of 2026. Its plans include a second LNG terminal in Fujairah in the UAE; and two new LNG carriers with a capacity of 175,000 cubic metres each, to add to its already existing fleet of eight LNG carriers.

In October 2023, ADNOC awarded contracts for the Hail and Ghasha offshore gas and oil fields. The project is expected to become operational by 2030, producing more than 1.5 billion cubic feet of gas per day.The so-called ‘Ghasha Mega-Project’ will be the world’s largest offshore sour gas development, with a natural gas reserve of 5 trillion standard cubic feet and an additional reserve of more than 1.1 billion barrels of oil.

Expansion of unconventional gas extraction ADNOC’s gas operations include ‘unconventional gas’ extraction through fracking. Fracking is a harmful method of extraction of gas and oil, performed by injecting high pressure water and chemicals into the ground, resulting in a highly water-intensive and polluting process. ADNOC is planning to expand fracking operations further, primarily in the Ruwais Diyab gas field, through collaboration with TotalEnergies. ADNOC is planning to extract 1 billion standard cubic feet of unconventional gas from this concession alone.

Methane emissions The UAE should report on its greenhouse gases emissions every two years as a Non-Annex I party to the UNFCCC. However, according to the Greenhouse Gas Inventory Database, it has not done so since 2014. 

ADNOC has set itself the goal of limiting methane leaks throughout upstream production to less than 0.15% of the total gas produced. However the target is higher than ADNOC’s actual reported methane emissions for 2022, which are about 0.07%. The target would allow ADNOC to more than double its methane emissions.

ADNOC has committed to achieve net zero methane emissions (Scope 1 and 2) by 2030. However, it plans to reach such a target mostly through methane abatement projects, which extract methane from the atmosphere and release water vapour and CO2 instead; simply switching one greenhouse gas for another.

Greenwashing and false solutions Ahead of the COP28 summit, ADNOC is going through major rebranding, taking on a PR campaign to clean the name of COP chairman al-Jaber. This campaign included amending and ‘greenwashing’ al-Jaber’s Wikipedia entry and creating hundreds of fake social media accounts celebrating his al-Jaber’s appointment and UAE environmental policies. In addition, the company is marketing itself as a provider of low-carbon energy and it even considered dropping the word ‘oil’ from the company’s name.  

In his role as appointed chairman for COP28, Sultan al-Jaber has often made remarks that are at odds with his role as CEO of ADNOC. The UAE paints al-Jaber as an example among its oil executive peers and as the minister who has made the UAE the first MENA country to pledge net zero carbon emissions by 2050. On the other hand, Sultan al-Jaber has been promoting the need for countries to commit to phase out fossil fuel emissions during the COP negotiations, as opposed to phasing out fossil fuels extraction and use, which is what is needed to limit global warming to 1.5 ℃.

ADNOC has set a target to achieve net-zero emissions by 2045, but relies heavily on carbon capture and storage (CCS) projects to achieve this goal. With current plans it would capture 4 million tons of CO2 annually. However, its Scope 1 and 2 emissions alone amount to 24 million tons of CO2 in 2022. CSS and methane abatement technologies are generally considered as neither a technically nor an economically feasible solution to climate change and decarbonisation, while diverting billions of dollars in investments from more efficient and effective solutions.


Impact on nature and environment

RRPCL projects impacts on biodiversity The Ratnagiri Refinery and Petrochemicals Ltd (RRPCL) project is set to be developed on land that the local government has claimed is barren. This claim is strongly opposed by locals, who instead assert the area’s rich biodiversity, which allows thousands of people to rely on agriculture for their livelihoods. Their claim is supported by UNESCO, which recognises the entire Western Ghats region as one of the world’s eight ‘hottest hotspots’ of biological diversity. According to UNESCO, at least 325 globally threatened flora and fauna species can be found in the region, of which 129 are classified as vulnerable, 145 as endangered and 51 as critically endangered. Endangered species like the lion-tailed macaque, the Nilgiri tahr, and the Nilgiri langur are unique to this area. 

Hail and Ghasha offshore oil and gas fields impacts on Marawah Biosphere Reserve The Hail and Ghasha offshore oil and gas fields lie within the boundaries of the Marawah Biosphere Reserve, a UNESCO World Heritage Site. The Marawah Marine Protected Area is the largest marine reserve in the Persian Gulf. It protects a variety of habitats, including seagrass, mangrove forests, and heat-resistant coral reefs, all habitats with a global ecological significance. It also represents an important feeding ground for several animal species, such as the dugong, the hawksbill sea turtle and the green sea turtle. Expansion of the operations in the fields poses several risks for the species living in the area. Firstly, pollution caused by leaks during the extraction of oil and gas poses a major threat to the marine environment; secondly, the dredging and building of artificial islands, connected with the extraction operations, threaten the seagrass habitats, and, indirectly, the dugongs and sea turtles who find shelter and feed in such habitat.


Other impacts

Impacts on COP28 reputation ADNOC CEO Al-Jaber was called upon by several environmental organisations to either step down from his chairmanship of COP28 or from his role as CEO. In May 2023, more than 130 US and European lawmakers sent a letter to President Biden, President of the European Commission Ursula von der Leyen, UN Secretary-General António Guterres, and UNFCCC Executive Secretary Simon Stiell, calling  for the withdrawal of al-Jaber’s appointment. The decision to keep al-Jaber as the COP chair is still intensely criticised by campaigners and activists from all around the world and deemed as ‘the corporate capture of COPs’. Activists are calling the UN summit a mockery. The decision to appoint al-Jaber as chair falls into a trend that had seen 636 fossil lobbyists being granted access to COP27 in Sharm el-Sheikh in November 2022, 22 of which were affiliated with ADNOC.

Financiers

According to the Banking on Climate Chaos annual report, 14 of the top 60 banks bankrolling fossil fuels have provided credit to ADNOC and/or its subsidiaries between 2016 and 2022. At the top of the list are HSBC, together with MUFG, SMBC and JPMorgan Chase. Since 2016, each of these banks has provided more than USD 2 billion in finance to ADNOC. 

According to the Financial Exclusion Tracker, 14 financial institutions have publicly excluded financing to ADNOC and/or its subsidiaries. 11 of these exclusions were motivated by the company’s involvement in fossil fuel extraction and by the negative impact they cause on the climate.

Institution type
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP29: New report on SOCAR highlights Azerbaijan’s damning fossil fuel and human rights record

2024-11-23 | Berlin / Baku | urgewald, CEE Bankwatch
Blog
BankTrack news BankTrack blog Partner news Partner blog

The 2024 Global Oil & Gas Exit List: More loss and damage ahead

2023 highest level of oil and gas production in history; 95% of oil and gas companies still expanding; LNG import terminal capacity set to increase by 57%
2024-11-12 | Berlin | urgewald
BankTrack news BankTrack blog Partner news Partner blog

Citigroup helped funnel $3.5bn to UAE state oil company

Complex series of deals meant money lent to huge polluter did not affect bank’s climate targets
2024-09-13 | The Buraeu of Investigative Journalism
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas says no to bonds in the oil and gas sector

Reclaim Finance calls on BNP Paribas to formalize this approach by including this rule in its climate policy.
2024-05-14 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crédit Agricole advances on climate change, but drags its feet

Despite the adoption of ambitious decarbonization targets, the French bank has allowed room to finance new fossil fuel infrastructure projects such as liquefied natural gas (LNG) terminals, as well as companies developing new oil and gas fields or infrastructure. 
2023-12-14 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report on ADNOC’s partners in climate chaos: Banks and fossil fuel majors

A new report on the Abu Dhabi National Oil Company (ADNOC) highlights its outsized oil & gas expansion
2023-12-05 | BankTrack, urgewald, LINGO, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Cop28 president says there is ‘no science’ behind demands for phase-out of fossil fuels

Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’
2023-12-03 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Adnoc eyes LNG investments with China in three major energy nations

Leaked documents reveal Emirati giant is working with Chinese players on projects in Mozambique, Australia and Canada
2023-11-27 | Upstream
BankTrack news BankTrack blog Partner news Partner blog

COP28: UAE planned to use climate talks to make oil deals

The United Arab Emirates planned to use its role as the host of UN climate talks as an opportunity to strike oil and gas deals, the BBC has learned.
2023-11-27 | BBC News
BankTrack news BankTrack blog Partner news Partner blog

Inside the campaign that put an oil boss in charge of a climate summit

Sultan Al Jaber, CEO of the UAE’s national oil company, secured the COP28 presidency despite questions over his green credentials.
2023-10-25 | Centre for Climate Reporting
BankTrack news BankTrack blog Partner news Partner blog

‘I wasn’t the obvious choice’: meet the oil man tasked with saving the planet

When Cop28 starts next month, Sultan Al Jaber will be front and centre. He is the United Arab Emirates’ choice to head up the climate talks – and he also happens to be head of the national oil company. What’s the problem with that, he asks
2023-10-07 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UAE approves mega gas project weeks ahead of COP28

2023-10-06 | News24
BankTrack news BankTrack blog Partner news Partner blog

Exclude fossil fuel firms from Cop28 if they only want to obstruct, says ex-UN chief

‘My patience ran out,’ said Christiana Figueres, who for years had advocated oil companies should be involved in policymaking talks
2023-09-21 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UN climate summit host UAE failed to report methane emissions to UN

Exclusive: State oil firm, whose chief will preside over Cop28, also accused of ‘incoherent’ reduction targets
2023-08-17 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UAE Oil Giant Adnoc Makes First Major Global Gas Deal with Azeri Buy

2023-08-04 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

UAE oil giant raises climate goal ahead of key UN summit

2023-07-31 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Revealed: UAE State Oil Company Planned Major "Green" Rebrand Ahead of COP28 Climate Summit

Leaked documents reveal Abu Dhabi National Oil Company, headed
2023-07-21 | Drilled
BankTrack news BankTrack blog Partner news Partner blog

Adnoc Gas signs $7bn-$9bn LNG supply deal with Indian Oil Corporation

Abu Dhabi company will provide up to 1.2 million tonnes of liquefied natural gas annually under the 14-year agreement
2023-07-18 | The National News
BankTrack news BankTrack blog Partner news Partner blog

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

2023-07-17 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Army of fake social media accounts defend UAE presidency of climate summit

Sultan Al Jaber – Cop28 president and CEO of state oil firm – is ‘ally the climate movement needs’, posts say
2023-06-08 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

‘Absolute scandal’: UAE state oil firm able to read Cop28 climate summit emails

Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiry
2023-06-07 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Wake up, citizens of Maharashtra!

Say no to destruction! Save your lives, save your livelihood! June 5, World Environment Day!
2023-06-05 | Sabrang
BankTrack news BankTrack blog Partner news Partner blog

Cop28 president’s team ‘greenwashing’ Wikipedia

UAE using Wikipedia to “control the narrative” amid criticism for choosing oil boss to lead climate summit, critics warn.
BankTrack mentioned
2023-05-30 | Centre for Climate Reporting
BankTrack news BankTrack blog Partner news Partner blog

Cop28 president’s team accused of Wikipedia ‘greenwashing’

Exclusive: UAE using site to ‘control narrative’ amid criticism of oil boss leading climate summit, say critics
2023-05-30 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Why are villagers in Konkan opposing the proposed multi-billion dollar Ratnagiri Refinery project in Maharashtra?

What is the Ratnagiri refinery and petrochemicals project? Is it going to harm the coastal Konkan region?
2023-05-01 | The Hindu
BankTrack news BankTrack blog Partner news Partner blog

Occidental Makes a Billion-Dollar Climate Moonshot—So It Can Keep Pumping Oil

Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuels
2023-04-10 | The Wall Street Journal
BankTrack news BankTrack blog Partner news Partner blog

Migrant workers face risks building Europe’s new gas supplies in the UAE

Climate Home spoke with migrant workers in the UAE, who face harsh conditions and a lack of transparency when risk turns deadly.
2023-04-05 | Climate Home News
BankTrack news BankTrack blog Partner news Partner blog

Eni agrees deal with UAE’s ADNOC as Italy rebuilds relationship

2023-03-06 | Arab News
BankTrack news BankTrack blog Partner news Partner blog

Corruption at the Fifth Estate

Lack of disclosure on de facto lobbying at think tanks has triggered a bipartisan reaction.
2023-02-24 | The American Prospect
BankTrack news BankTrack blog Partner news Partner blog

Abu Dhabi's ADNOC Drilling net profit rises 33% in 2022

2023-02-13 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

The Corporate Corruption of the COPs Goes Right to the Top

2023-02-07 | Environmental Justice Foundation
BankTrack news BankTrack blog Partner news Partner blog

UAE oil company employees given roles in office hosting Cop28

Exclusive: at least 12 officials at body hosting Cop28 appear to have come straight from fossil fuel industry
2023-02-03 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

COP28: Why has an oil boss been chosen to head climate summit?

2023-01-13 | BBC News
BankTrack news BankTrack blog Partner news Partner blog

UAE’s Cop28 president will keep role as head of national oil company

Campaigners warn ‘breathtaking conflict of interest’ could jeopardise climate negotiating process
2023-01-13 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UAE Promotes Its State Oil Company at COP27

The Gulf petrostate, which will host COP28 next year, presents ADNOC as a source of clean energy at a huge pavilion documenting its “climate action journey.”
2022-11-18 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

Oil refinery sparks protests over livelihood concerns in Ratnagiri

2022-11-17 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

UAE signs energy agreement with Germany's Scholz

2022-09-15 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

TotalEnergies and ADNOC partner in fuel distribution in Egypt

2022-07-29 | TotalEnergies
BankTrack news BankTrack blog Partner news Partner blog

McDermott bags Fujairah LNG terminal gig from Adnoc

2022-05-11 | LNG Prime
BankTrack news BankTrack blog Partner news Partner blog

Adnoc plans to double LNG production capacity

2021-12-02 | LNG Prime
BankTrack news BankTrack blog Partner news Partner blog

A Major Persian Gulf Oil Producer Tries to Burnish Its Climate Credentials

Trying to attract investors and retain customers, the United Arab Emirates says it will step up its efforts to cut emissions.
2021-10-30 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

UAE’s ADNOC inks LNG deals with Total and Vitol

2020-11-12 | LNG Prime
BankTrack news BankTrack blog Partner news Partner blog

ADNOC seals $5.8 billion refining and trading deal with ENI, OMV

2019-01-27 | Reuters
Resources
Documents
2023-12-05 00:00:00

Fossil Fuel Expansion in the United Arab Emirates

ADNOC and Its International Partners
BankTrack publication
2023-12-05 00:00:00 | Urgewald, Reclaim Finance, Lingo & BankTrack
Updates

2023

2023-10-03 00:00:00 | Petrofac announces USD 600 mln contract with ADNOC

Petrofac announces that it has been awarded a contract worth USD 600 mln for the carbon capture projects at ADNOC’s gas processing plants in the UAE.

2023-08-04 00:00:00 | ADNOC makes first major global gas deal

ADNOC has purchased a stake in an Azerbaijani natural gas field, marking its first major international investment in upstream hydrocarbons.

2023-07-13 00:00:00 | ADNOC Gas signs deal with Indian Oil Corp for the annual supply of 1.2 million tonnes of LNG to India for a period of 14 years

The deal is estimated to be worth between USD 7 billion and 9 billion.

2023-06-07 00:00:00 | ADNOC able to read COP28 climate summit emails, Guardian reveals

The Guardian revealed that the COP28 office shared email servers with ADNOC and that ADNOC employees had been able to read emails to and from the COP28 climate summit office. This intrusion of a major oil and gas company in the organisation of the main global climate conference has been deemed scandalous.

2023-05-30 00:00:00 | OPEC backs UAE COP28 presidency

The Organization of Petroleum Exporting Countries (OPEC) voiced “unwavering support” for the CEO of ADNOC as president of the COP28.

2023-05-23 00:00:00 | US and EU lawmakers appeal to the UN to remove ADNOC CEO al-Jaber as COP28 head

The letter – signed by 99 Members of the European Parliament and 34 U.S. Members of Congress and Senators and addressed to the leaders of their countries and the UN chief -  calls for the removal of al-Jaber from the UN role at the upcoming COP28 summit and for urgent measures to limit the fossil fuel industry’s influence on climate negotiations

2023-02-24 00:00:00 | Revealed that Atlantic Council, one of Washington’s most preeminent think tanks, has received over $1 million in donations annually from the UAE for the past five years, raising suspicions of corruption

This reveal follows an op-ed of the president of the Council Fred Kempe, applauding the United Arab Emirates’ appointment of Sultan Al Jaber, the Abu Dhabi National Oil Company’s CEO to lead the UN COP28 climate summit.

2023-02-15 00:00:00 | First LNG cargo from ADNOC arrives in Germany

The cargo, which originated from the Das Island LNG terminal, is the first to reach the German coast as part of the partnership between RWE and ADNOC to provide Germany with Emirati gas.

2023-02-03 00:00:00 | ADNOC employees are given roles in office hosting COP28

At least a dozen employees from ADNOC have taken up roles within the office of the UAE’s climate change special envoy, who will host this year’s COP28 UN climate summit.

2023-01-18 00:00:00 | ADNOC announces plans to reach net zero by 2050

ADNOC has announced plans to reach net-zero emissions by 2050 and to reduce its carbon intensity by 25% by 2030.

2022

2022-11-18 00:00:00 | UAE promotes ADNOC at COP27

UAE promotes ADNOC as a source of clean energy, showcasing ADNOC’s Al-Reyadah carbon capture and storage (CCS) facility.

2020

2020-05-11 00:00:00 | Gasco Co. (ADNOC Gas Processing) allegedly fails to provide healthcare as police urge employers to meet COVID-19 obligations

The company did not respond to the allegations.

2019

2019-01-27 00:00:00 | ENI and OMV acquire a 35% stake in ADNOC’s subsidiary ADNOC Refinery for USD 5.8 billion.

ENI will own 20% of the share, OMV 15%, and ADNOC will retain the remaining 65% share. ADNOC CEO Sultan al-Jaber deemed it a “one of a kind” operation, as never before in the oil and gas industry there has been “a transaction of this size and sophistication.”

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