Abu Dhabi National Oil Company Description
State-owned Abu Dhabi National Oil Company (ADNOC) spreads its wings over the United Arab Emirates (UAE), accounting for 94% of its 97.8 billion barrels of proved oil reserves, the fourth-largest national reserves in the world behind Saudi Arabia, Iraq, and Kuwait. It also has proved reserves of 6.1 trillion cu. ft. of natural gas. The company oversees oil production of more than 2.7 million barrels a day. The ADNOC group includes exploration and production companies, support companies, maritime crude oil transport companies, and a refined-product distribution company that operates more than 200 UAE service stations.
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The Company Description provides a historical perspective of Abu Dhabi National Oil's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Abu Dhabi National Oil's evolution in the marketplace.
