ÉDITION Company strategy

ADNOC: Son Of The Crown Prince Appointed President

ADNOC met this weekend to reshuffle its board of directors. The new strongman of Emirati oil wants to develop clean energies, which could meet 50% of the country’s energy mix by 2050.

Reshuffling of the ADNOC Board of Directors

Sultan Al Jaber was awarded the title of General Manager of theAbu Dhabi National Oil Company (ADNOC)

Other influential figures are included in this new council. We find Khaldoon Al Mubarak, director of the sovereign fund of the Mubadala Investment Company. But also Mansour ben Zayed, already vice prime minister of the United Arab Emirates.

Meeting the Emirate’s energy transition objectives

Mohammed Ben Zayed is thus strengthening his control over the country’s main oil and gas company. The emirate remains highly dependent on its hydrocarbon exports. It is also the third largest producer of crude oil in the Organization of Petroleum Exporting Countries (OPEC), which will meet this Thursday, March 4.

The future leader will also take the opportunity to accelerate the UAE’s energy transition. He wants to reach 50% of clean energy in the energy mix by 2050.

Dans cet article :

Société(s): ADNOC
Pays et localité: Asie, Émirats Arabes Unis
Thématique: Nomination
Tag(s)s: Appointment, Middle East, Strategy

Articles qui pourraient vous intéresser

Bloom Energy expands its presence in Taiwan

Thursday 5 January 2023

Bloom Energy and Unimicron enter into an agreement to deploy 10 MW of fuel cells at Unimicron’s Taiwanese plants.

Indonesia approves $3.07 billion for Tuna

Thursday 5 January 2023

Indonesia approves the first development plan for the Tuna offshore gas field. With an estimated total investment of $3.07 billion until production begins. The project is expected to assert Indonesia’s sovereignty in the South Sea, which is subject to numerous tensions with China.