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   Crude Flexibility
   
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 * ADNOC Identifies AED70 Billion...


ADNOC IDENTIFIES AED70 BILLION WORTH OF PRODUCTS WITH LOCAL MANUFACTURING
POTENTIAL AND INVITES THE PRIVATE SECTOR TO SEIZE OPPORTUNITY

Agreements on AED21 Billion of these manufacturing opportunities signed with UAE
and international companies at the Make it in the Emirates Forum

Products identified that could be manufactured locally will be purchased by
ADNOC between 2022-2030 as it expands its operations

ADNOC is creating long-term opportunities in the UAE’s manufacturing sector and
reinforcing its role as a critical engine for the country’s industrial growth


Abu Dhabi – June 21, 2022: Abu Dhabi National Oil Company (ADNOC) announced
today, it has identified AED70 billion ($19 billion) worth of products in its
procurement pipeline that could be manufactured locally. Out of this value,
ADNOC signed agreements for local manufacturing opportunities worth AED21
billion ($5.7 billion) with UAE and international companies at the Make it in
the Emirates Forum taking place in Abu Dhabi. 

The agreements will see the companies set up and expand manufacturing facilities
in the UAE as well as jointly explore with ADNOC the potential for new
investments in local manufacturing.

The local manufacturing opportunities comprise of over 100 products which will
be utilized across ADNOC’s full value chain as it expands its operations to
cater for growing global energy demand. ADNOC aims to purchase these products
between 2022 and 2030 and is inviting the private sector to take advantage of
this pipeline and invest in the UAE’s manufacturing sector to produce the
products locally. 

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced
Technology and ADNOC Managing Director and Group CEO, said: “ADNOC is
reinforcing its role as a critical engine for the UAE’s industrial growth as we
expand our operations to responsibly cater for the world’s growing energy
demand. In line with the UAE Leadership’s wise directives and our national
industrial strategy, ADNOC is creating multiple long-term domestic manufacturing
opportunities for the private sector, through our robust procurement pipeline.
We invite local and international manufacturers to take advantage of these
opportunities and join the UAE in our industrial growth journey as we strengthen
the resilience of our supply chains, enhance economic self-sufficiency and
deliver lasting value.”

The products identified with local manufacturing potential are spread over
drilling; mechanical and heating ventilation and airconditioning (HVAC);
technology; piping, fittings and valves; electric submersible; instruments,
control and telecom; maintenance, repair and operations; chemicals; electrical;
and offshore architecture. Companies interested in finding out more details can
visit www.adnoc.ae/suppliers or contact icv@adnoc.ae. 

The signed agreements include a strategic collaboration agreement with India’s
Intech Organics to explore manufacturing calcium and sodium bromide in the UAE
for the first time; framework agreements with Schlumberger and Independent
Technical Services (ITS) on local manufacturing and assembly of electric
subemersible pumps and its components; a strategic collaboration agreement with
MaxTube Saje for local manufacturing of glass reinforced epoxy (GRE) lining of
various metallic tubular products including production tubing; a strategic
collaboration agreement with NOV-Tuboscope on evaluating the localization of
GRE-lined production tubing; and a strategic collaboration agreement with
Soluforce on setting up local manufacturing facility for reinforced
thermoplastic pipes and non-metallic solutions, amongst others. 

ADNOC is also driving the UAE’s industrial growth through the expansion of its
downstream business. The TA’ZIZ Industrial Chemicals Zone, ADNOC’s joint venture
with ADQ, will produce new industrial chemicals in the UAE for the first time,
replacing chemicals currently imported, while also exporting to meet growing
demand for these chemicals globally. ADNOC has already welcomed major local and
international partners and investors into the TA’ZIZ Industrial Chemicals Zone. 

Building on this success, ADNOC signed expressions of interest with over 20
investors in the TA’ZIZ Light Industrial and Services Zones at the Make it in
the Emirates Forum. The TA’ZIZ Light Industrial and Services Zones will house an
ecosystem that will convert the chemicals produced in the TA’ZIZ Industrial
Chemicals Zone into consumable products and host companies providing industrial
services to TA’ZIZ and the Ruwais Industrial Complex.   

The Make it in the Emirates Forum is hosted by the Ministry of Industry and
Advanced Technology (MoIAT) in conjunction with the Abu Dhabi Department of
Economic Development (ADDED) and ADNOC. The forum is bringing together the
largest industrial companies from across the UAE to share their procurement
plans and detail how these translate into local manufacturing and investment
opportunities.


RELEASE DETAILS


June 21, 2022

Abu Dhabi



ABOUT ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by
the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the
Emirate’s vast hydrocarbon reserves through responsible and sustainable
exploration and production to support the United Arab Emirates’ economic growth
and diversification. To find out more, visit www.adnoc.ae

For media inquiries please contact:

Philip Robinson
Manager, ADNOC External Relations
+971 (0) 50 504 4934
probinson@adnoc.ae

×


RELEASE DETAILS


June 21, 2022

Abu Dhabi



ABOUT ADNOC

ADNOC is a leading diversified energy and petrochemicals group wholly owned by
the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the
Emirate’s vast hydrocarbon reserves through responsible and sustainable
exploration and production to support the United Arab Emirates’ economic growth
and diversification. To find out more, visit www.adnoc.ae

For media inquiries please contact:

Philip Robinson
Manager, ADNOC External Relations
+971 (0) 50 504 4934
probinson@adnoc.ae


News and Insights


OTHER PRESS RELEASES

Jul 19, 2022


ADNOC AND TOTALENERGIES SIGN STRATEGIC PARTNERSHIP AGREEMENT

Abu Dhabi National Oil Company (ADNOC) and TotalEnergies signed a strategic
partnership agreement to deepen their long-standing partnership and explore new
opportunities for growth across the energy value chain.

Read More
Jun 27, 2022


ADNOC SIGNS STRATEGIC COLLABORATION AGREEMENT WITH EMIRATI TALENT
COMPETITIVENESS COUNCIL

Abu Dhabi National Oil Company (ADNOC) announced today that it has signed a
strategic collaboration agreement with the Emirati Talent Competitiveness
Council (NAFIS) to accelerate recruitment of UAE talent in the private sector,
with the aim to create 3,000 additional jobs for UAE nationals in its supply
chain by 2025.

Read More
Jun 02, 2022


ADNOC L&S ACQUIRES 3 ADDITIONAL NEW-BUILD VESSELS TO MEET GROWING GLOBAL DEMAND
FOR LNG

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm
of the Abu Dhabi National Oil Company (ADNOC) and the region’s largest shipping
and logistics company, announced today its decision to purchase three additional
liqueified natural gas (LNG) vessels. ADNOC L&S is the region’s largest shipping
and integrated...

Read More
View All Articles

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