ADNOC: Son Of The Crown Prince Appointed President

ADNOC

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.

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