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 at ADNOC's headquarters, Sheikh Khaled reviewed ADNOC's financial performance and its strategic priorities, including deploying artificial intelligence (AI) as it aims to become the most AI-enabled energy company, executing domestic growth projects, and international expansion through its international energy investment company, XRG.
According to Emirates News Agency, Sheikh Khaled emphasized the importance of sustaining ADNOC's development strategies to ensure resilience and competitiveness in the global energy landscape. ADNOC's international expansion is integral to this, and through XRG, the company has closed several key international deals, such as Arcius Energy in Egypt, a stake in the Absheron gas field in Azerbaijan, and participation in Offshore Block 1 in Turkmenistan.
His Highness evaluated how ADNOC is building new revenue streams, expanding trading activities, and exploring digital asset opportunities. A crucial part of its success has been expanding ADNOC's global trading footprint, marked by the opening of a trading office in Geneva, Switzerland. Sheikh Khaled noted that ADNOC's trading businesses have created significant value for the country and strengthened the UAE's role as a global trading hub.
Building on these efforts, His Highness directed further leveraging of AI to optimize trading operations and enhance efficiency and competitiveness. Sheikh Khaled was also updated on ADNOC's acceleration of unconventional gas development in Abu Dhabi, driven by enhanced productivity and cost-effective strategies.
His Highness directed ADNOC to expand collaborations with international partners to unlock hydrocarbon resources, supporting gas self-sufficiency and meeting global energy demand. The meeting also highlighted that 2025 marks 75 years since Abu Dhabi began oil and gas exploration, a milestone reflecting the UAE's resilience and vision.
ADNOC is also creating new domestic value chains through TA'ZIZ, a joint venture with ADQ, set to produce 4.7 million tonnes per annum of chemicals in Al Ruwais Industrial City. Five of the six projects are under construction, with the ammonia plant set to be commissioned in the fourth quarter of 2026.
The meeting was attended by key figures, including Dr. Sultan Ahmed Al Jaber, Suhail Mohamed Al Mazrouei, Ahmed Ali Al Sayegh, Khaldoon Khalifa Al Mubarak, Jassem Mohamed Bu Ataba Al Zaabi, and Omar Suwaina Al Suwaidi.