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Key talks at Adnoc's first investor forum

Abu Dhabi - Senior management presents overview of world-class assets and footprint along energy value chain

Abu Dhabi National Oil Company (Adnoc) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of Adnoc's transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of new partnership and co-investment opportunities across its value chain.
During the forum, Adnoc senior management presented an overview of the company's world-class assets and footprint along the oil, gas and petrochemical value chain. Details on the company's strong financial profile and robust financial management and governance processes were also provided.
The forum highlighted Adnoc's 45-year-plus track record of successful partnerships and co-investments, underpinned by its world-scale hydrocarbon resource and asset base, and its resilience over industry cycles.
Presentations from senior management also demonstrated Adnoc's critical role as a key driver of innovative and creative opportunities and solutions to attract foreign investment. The forum also provided an update on Adnoc's downstream strategy and plans to invest Dh165 billion in its downstream value chain.
Dr Sultan bin Ahmad Sultan Al Jaber, UAE Minister of State and Adnoc Group CEO, said: "As in the past, we are actively seeking long-term, value-adding partners to invest and grow alongside us... this forum clearly demonstrates our active engagement with new types of global partners and investors to share and develop new ideas and invest together to unlock further value."
A guest speech from Ahmed Al Sayegh, UAE Minister of State and chairman of Abu Dhabi Global Market, reinforced Abu Dhabi and the UAE's attractiveness as a global investment destination and ADGM's key role as an enabler of investment into Abu Dhabi and the wider UAE.
Lord Browne of Madingley, former CEO of BP, gave a keynote speech on macro trends in the energy industry and how these will shape the energy company of the future. His comments complemented Adnoc's 2030 strategy and its bold approach to the evolving energy landscape, which will ensure Adnoc remains a more resilient, flexible and knowledge-based company, able to take full advantage of all emerging market opportunities.
Over the last eighteen months, Adnoc has adopted a new, expanded approach to strategic partnership and co-investment, alongside the optimisation and more proactive management of its portfolio of assets and capital.
- business@khaleejtimes.com