His Majesty The Abu Dhabi Executive Council’s chairman, Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, presided over a meeting of the Adnoc Board of Directors’ Executive Committee.
Sheikh Khaled discussed Adnoc’s domestic growth efforts, such as its unconventional exploration program, during the meeting at Adnoc’s headquarters. Adnoc is working to future-proof its company and continue to produce value for the United Arab Emirates. Adnoc is developing new local value chains and propelling industrial and economic growth in the United Arab Emirates as it diversifies its business to guarantee a safe and dependable worldwide energy supply.
One of these is TA’ZIZ, Adnoc and ADQ’s joint venture, which just revealed a contract award to construct the UAE’s first methanol facility. One of the most potential transition fuels is methanol, which provides a cleaner option for power generation than traditional fuels like coal and diesel.
Additionally, Sheikh Khaled received an update on XRG, Adnoc’s recently established worldwide investment business, and its intentions to spearhead revolutionary investments in global energy systems as it expedites Adnoc’s international expansion and satisfies the world’s growing energy needs.
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