UAE President Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual ADNOC Board of Directors meeting at the Habshan complex, a strategic hub for the company’s onshore operations and one of the world’s largest gas processing facilities.
The meeting, held in ADNOC Gas’s operations control room, highlighted the company’s pivotal role in supplying 60 percent of the UAE’s natural gas to support the nation’s energy and industrial sectors.
During the session, the Board approved ADNOC’s five-year capital expenditure (CAPEX) plan of US$150 billion (AED551 billion) for 2026–2030 to maintain operations and drive smart growth amid rising global energy demand.
Recognising ADNOC’s achievements, His Highness said: “Scale your impact beyond performance and convert success into strategic advantage to reinforce the UAE’s standing as a technology-driven energy powerhouse.”
The Board celebrated a major boost in the UAE’s reserves, with oil rising by 7 billion stock tank barrels (stb) to 120 billion stb and gas increasing by 7 trillion standard cubic feet (scf) to 297 trillion scf, cementing the UAE as custodian of the world’s sixth-largest oil and seventh-largest gas reserves.
ADNOC has also made new discoveries totaling more than 1.2 billion barrels of oil equivalent, enabled by cutting-edge technologies including the world’s largest 3D seismic survey and AI-powered data interpretation.
The Board approved the establishment of ADNOC Ghasha, a new operating company for the Ghasha Concession, which will produce 1.8 billion scf of gas and 150,000 barrels per day of oil and condensates. Construction of the Hail and Ghasha mega project is now progressing at pace.
Board members also reviewed progress in unlocking Abu Dhabi’s unconventional resources, with recoverable reserves estimated at 160 trillion scf of gas and 22 billion stb of oil, supporting UAE gas self-sufficiency and global energy demand.
His Highness emphasised ADNOC’s role as a catalyst for national growth: “ADNOC continues to create new economic and industrial opportunities for the private sector through its In-Country Value programme and supports the ‘Make it in the Emirates’ initiative.”
This year, ADNOC’s ICV programme returned US$17.7 billion (AED65 billion) to the UAE economy, bringing the total contribution since 2018 to US$83.7 billion (AED307 billion), with 23,000 UAE Nationals employed through the initiative.
The Board endorsed a target to inject US$60 billion (AED220 billion) into the UAE economy over the next five years and noted progress on local manufacturing deals worth US$21.8 billion (AED80 billion), toward a 2030 target of US$24.5 billion (AED90 billion).
On international growth, ADNOC’s investment arm XRG increased its enterprise value from US$80 billion (AED290 billion) to US$151 billion (AED554 billion) since its launch in November 2024.
The Board also endorsed ADNOC’s new Productivity Index, a diagnostic tool designed to boost efficiency, empower employees, and enhance decision-making. The company continues to deploy AI, robotics, and autonomous operations across its operations, leveraging MEERAi, ADNOC’s boardroom AI tool, to support data-driven decision-making across 10 group companies.
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