Search results
Results from the WOW.Com Content Network
It has a processing capacity of 420,000 bpd consisting of 140,000 bpd of crude oil and 280,000 bpd of condensates. [5] In 2014, a second complex was opened to meet the growing demand for ADNOC’s refined products. [6] Known locally as Ruwais Refinery West, the facility can process up to 417,000 crude oil barrels per day.
In December 2021, ADNOC and Abu Dhabi National Energy Company PJSC announced a $3.6 billion project to aim to reduce the carbon footprint of ADNOC's offshore production operations by more than 30%. [12] In December 2022, it was announced ADNOC had acquired a 24.9% stake in Austrian integrated oil, gas, and petrochemical company, OMV. [13]
More than 85% of the UAE's economy was based on oil exports in 2009. [2] [3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. [4] In 2011, oil exports accounted for 77% of the UAE's state budget. [5]
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue ...
The first commercial oil discovery was made at Bab in 1960, and exports began from the Jebel Dhanna terminal on 14 December 1963. In 1962, the company was renamed the Abu Dhabi Petroleum Company, ADPC. On 1 January 1973, the Government of Abu Dhabi acquired a 25% interest, which was increased to 60% as from 1 January 1974.
Integrated farming (IF), integrated production, or integrated farm management is a whole farm management system which aims to deliver more sustainable agriculture without compromising the quality or quantity of agricultural products. Integrated farming combines modern tools and technologies with traditional practices according to a given site ...
Abu Dhabi National Oil Co (ADNOC) will remain wholly owned by the Abu Dhabi government and has no plan to go public, but the firm aspires to compete with Big Oil by expanding in refining and gas ...
Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.