Abu Dhabi National Oil Company

Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase  Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship

Italy’s Eni and Thailand’s PTTEP awarded exploration concession for Offshore Block 3 and will invest up to AED 1.51 billion ($412 million) during the exploration phase

Potential anchor chemicals projects selected as part ofUSD 5 billion phase one investment Development of Ruwais Derivatives Park to commence in early 2021 with initial chemicals production expected in 2025 TA'ZIZ investments to lay groundwork for Abu Dhabi's next generation of technology-driven industrial growth

Trading is a key enabler of ADNOC’s 2030 strategy and its focus on stretching the margin from every barrel of oil that is produced, refined and sold