Abu Dhabi: H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors. During the meeting, H.H. reviewed ADNOC's financial performance in the first quarter of 2025 as well as the company's results throughout its development and expansion journey across various vital sectors.
According to Emirates News Agency, H.H. was updated on the company's progress in maximising the value of Abu Dhabi's unconventional oil and gas resources, including its recent milestone of producing unconventional gas for the first time in the emirate. This achievement was made possible through advanced technologies and collaboration with leading international energy companies.
At the meeting, ADNOC introduced its new AI tool, MEERAi, designed to enable smarter and quicker executive decision-making processes. The tool is set to be deployed across the company, with a full rollout planned later this year across its operations.
H.H. reaffirmed the pivotal role of these achievements in further strengthening ADNOC's position as a leading and reliable global energy provider. The developments are expected to contribute to meeting the growing demand for energy and support the UAE's vision toward self-sufficiency.
H.H. also praised ADNOC's ongoing progress in integrating advanced technologies and artificial intelligence solutions across its operations, emphasizing their role in enhancing operational efficiency and maximising value creation. Furthermore, he underscored the importance of these efforts in supporting ADNOC's vision to become a leader in AI-driven solutions within the energy sector.
The meeting also reviewed the progress of domestic growth projects, including three new production concessions awarded to ADNOC and international partners by the Supreme Council for Financial and Economic Affairs (SCFEA).
H.H. was briefed on XRG's plan to accelerate global growth and deliver long-term value. XRG, ADNOC's international energy investment platform, is set to build a top-five integrated global gas and liquefied natural gas (LNG) business, targeting 20-25 million tonnes of capacity per annum by 2035. The company also aims to create a top-three global chemicals platform.
Additionally, ADNOC's participation in the Make it in the Emirates Forum 2025 was discussed. H.H. highlighted ADNOC's efforts to boost local manufacturing, strengthen the nation's industrial base, and support UAE National talent through strategic agreements and partnerships.
The development of future Emirati leaders for ADNOC and the UAE's energy sector was also a key discussion point. H.H. commended the role ADNOC plays in empowering UAE future leaders, enhancing their capabilities, and supporting their professional ambitions in line with the evolving energy sector.
Attending the meeting were Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and ADNOC Managing Director and Group CEO; Ahmed Ali Al Sayegh, Minister of State; Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala Investment Company; and Jassem Mohamed Bu Ataba Al Zaabi, Chairman of the Abu Dhabi Department of Finance.