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Adnoc News

Adnoc Distribution profit: The company reported its highest-ever first-quarter fuel volume of 3.7 billion litres

Adnoc Distribution profit up as Q1 fuel sales surge

Adnoc Distribution said first-quarter 2025 net profit rose significantly as a result of the highest-ever fuel retail sales in the UAE and Saudi Arabia. Net profit increased 16 percent year on year to AED639 million ($174 million), Adnoc unit said in a statement on Tuesday. The Abu Dhabi-listed fuel and convenience retailer added 20 new […]

Adnoc Gas revenue was up 1 percent year on year to over $6 billion following the signing of new supply agreements

Adnoc Gas rules out project delays and sticks to capex plan

Adnoc Gas, a unit of Abu Dhabi National Oil Company (Adnoc), said it is ruling out project delays in its $15 billion, five-year capital expenditure plan, though two developments are still pending a final investment decision. Adnoc Gas plans to make a final investment decision (FID) around mid-year on its Rich Gas Development project, which […]

Borouge's sales volume of polyethylene and polypropylene, used in plastics and packaging, increased

Borouge net profit increases to $281m for first quarter

UAE petrochemical company Borouge reported a rise in profit for the first quarter, driven by higher production and revenue. Net profit for the three months to March rose to $281 million, on the back of an increase in sales volumes and cost reduction, the company said in a statement. Production volumes rose 7 percent year […]

Adnoc is to sell more US LPG to India. LPG has a variety of uses, including as a cooking fuel.

Adnoc to supply US LPG to India following China-US tariffs

Abu Dhabi National Oil Company (Adnoc) will start replacing some of the liquefied petroleum gas (LPG) it supplies to India with cheaper US cargoes from June, industry sources said, as US-China tariffs rejig global trade flows. The move will enable Adnoc to ship more of its own LPG to China, where buyers are paying higher […]

Borouge, backed by Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV, has awarded two contracts for the expansion

UAE’s Borouge to expand its production capacity 

UAE petrochemical company Borouge, a specialist in polyethylene and polypropylene, has unveiled expansion plans to increase annual production capacity to more than 6.6 million tonnes by 2028. The expansion is expected to contribute $165-$200 million in earnings before interest, tax and depreciation, the company said in a statement.  Borouge, backed by Abu Dhabi National Oil […]

While lower oil prices may squeeze some Mena producers, Gulf nations are expected to maintain long-term investment plans

Gulf oil investment ‘can weather price slump’

International oil prices may have fallen to their lowest in four years but that is unlikely to disrupt the exploration and production investment plans of Gulf national oil producers, energy analysts have said. But Middle East and North Africa producers outside the GCC may not be so lucky. Crude oil fell below $60 a barrel […]

Sultan Al Jaber, the group CEO of Adnoc

Adnoc to raise $1.5bn with Islamic bonds

Abu Dhabi state oil giant Adnoc will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on Monday. Abu Dhabi National Oil Company, acting through its primary debt capital markets entity Adnoc Murban, is selling the sukuk at 60 basis points over US Treasuries, the […]

An LNG carrier. A tariff war with the US has pushed Chinese buyers to resell US-sourced cargoes and secure new supply deals

Adnoc strikes another LNG deal with Chinese energy major

China National Offshore Oil Corporation (Cnooc) has agreed a term deal to buy liquefied natural gas from Abu Dhabi National Oil Company (Adnoc), according to two Chinese trading sources and a state media report. It is the third supply contract Adnoc has signed with Chinese buyers recently, following the deals over the weekend with ENN […]

Adnoc CEO Sultan Al Jaber attended the opening of the company's new Beijing office on Friday

Chinese energy companies sign LNG deals with Adnoc

China’s privately controlled ENN Natural Gas and state-run Zhenhua Oil have each signed deals to buy liquefied natural gas from Abu Dhabi National Oil Company (Adnoc). ENN Natural Gas said on its official WeChat account on Saturday that the deal covers annual supplies of about 1 million metric tonnes for 15 years, marking Adnoc’s largest LNG […]