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    Dubai To Reduce Its Carbon Emissions By 6.5mn Tonnes A Year

    Transportation Oil & Gas Congress (TOGC 2024): The roles of pipelines in energy transition

    Transportation Oil & Gas Congress (TOGC 2024): The roles of pipelines in energy transition

    Saipem New Onshore E&C contracts

    Saipem scores $1.9 billion contract wins offshore Guyana and Brazil

    Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europes CCUS market

    Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europes CCUS market

    OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion

    OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion

    AD Ports expands shipping operations in Kazakhstan with tanker pair

    AD Ports expands shipping operations in Kazakhstan with tanker pair

    Arabian Pipes Co wins $42.6m supply contract from Saudi Aramco

    Viking CCS project gets green light for onshore CO2 transportation pipeline

    Saipem New Onshore E&C contracts

    Saipem awarded two offshore contracts worth approximately 1.9 billion USD

    Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

    Aramco produces first unconventional tight gas at South Ghawar

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    DNV approves F550 TMCP toughcore for LCO2 transport and storage

    DNV approves F550 TMCP toughcore for LCO2 transport and storage

    CNPC puts into operation of its new production lines for surgical masks

    ConocoPhillips puts plans into play to undertake multiple seabed surveys and offshore drilling ops

    bp's Archaea Energy achieves major milestone, brings online first of its kind renewable natural gas plant

    bp’s Archaea Energy achieves major milestone, brings online first of its kind renewable natural gas plant

    Eni and UK outline key terms for CO2 transport and storage at HyNet North West

    Eni and UK outline key terms for CO2 transport and storage at HyNet North West

    Wintershall Dea expands Algerian presence by increasing interest in major natural gas project

    Wintershall Dea expands Algerian presence by increasing interest in major natural gas project

    QatarEnergy signs long-term LNG supply deal with TotalEnergies

    QatarEnergy signs long-term LNG supply deal with TotalEnergies

    Europe's largest green hydrogen plant showcased at Dubai Expo on Spain Day

    Exxon, Amazon awarded slice of $7 billion federal funding for U.S. hydrogen projects

    Angolan exploration and production to drive Africa cumulative capital expenditure

    Kolibri wells in Oklahoma’s Tishomingo field producing over 600 boed

    Ducab Group secured 30 major contracts in oil and gas sector in 2023

    Ducab Group secured 30 major contracts in oil and gas sector in 2023

  • Market Reports
    Ducab Group secured 30 major contracts in oil and gas sector in 2023

    NOG expands Permian presence, enters Ohio Utica shale with $170 million acquisitions

    Saudi Aramco to acquire Shell’s share of the SASREF refining joint venture

    Aramco to enter global LNG business by acquiring stake in MidOcean Energy

    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

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ADNOC Signs Agreements with Abu Dhabi Ports and Aldar Properties to Adopt ADNOC’s Successful In-Country Value Program

venkat by venkat
November 18, 2019
in Press Releases
0
ADNOC Signs Agreements with Abu Dhabi Ports and Aldar Properties to Adopt ADNOC's Successful In-Country Value Program

The Abu Dhabi National Oil Company (ADNOC) signed, two comprehensive framework agreements, with Abu Dhabi Ports and Aldar Properties PSJC (Aldar), to explore opportunities for collaboration in relation to ADNOC’s In-Country Value (ICV) Program.

The agreements potentially extend the reach of ADNOC’s ICV Program to the logistics and construction sectors and reinforce ADNOC’s commitment to supporting the growth and diversification of the UAE’s economy.

Under the terms of the agreements, ADNOC and both companies will explore potential opportunities for collaboration in creating additional skilled employment opportunities for UAE nationals in the private sector and sourcing goods and services within the UAE. In addition, the agreements would see ADNOC and both companies explore the potential for ADNOC to provide training on the implementation and measurement of compliance with the key objectives of its ICV Program.

The agreements were signed by Rashed Saud Al Shamsi, Director, Business & Commercial Support Directorate at ADNOC; Captain Mohamed Juma Al Shamisi, Group CEO of Abu Dhabi Ports; and Talal Al Dhiyebi, CEO of Aldar.

Al Shamsi said: “We are pleased to be partnering with these two companies, which share our vision to create, unlock and maximize value for the benefit of the UAE. ADNOC is, and will continue to be, an integral part of the UAE’s economy, and our In-Country Value Program is a central enabler of our commitment to drive progress and development in the nation as we deliver our 2030 strategy.

“The program has been a huge success since we launched it almost two years ago and these framework agreements provide a solid foundation to strengthen and extend its reach. It is our firm hope that we can swiftly develop these two agreements into new partnerships that will create long-term and sustainable value for the nation, in line with the leadership’s wise directives.”

Captain Al Shamisi said: “As a key enabler of trade and business across the country and the region, Abu Dhabi Ports is fully dedicated to promoting the socio-economic development and growth of the UAE. framework agreement with ADNOC through its successful ICV Program is a significant milestone in our mutual commitment to providing fuller and richer Emirati employment across all Abu Dhabi Ports’ assets – from Zayed and Khalifa Ports to KIZAD’s industrial zones.

The success of the transport and logistics industry of tomorrow is dependent on the investment in the excellence of Abu Dhabi’s infrastructure and the expertise of our Emirati professionals, and with agreements, we continue to make significant steps in that direction.”

Al Dhiyebi said: “Embedded across Aldar’s corporate strategy is a commitment to sustainability, ensuring that its values extend through every link in the supply chain. We are committed to the UAE’s economic growth and diversification, and sustained investment within Abu Dhabi. This framework agreement with ADNOC provides us with access to an ICV Program that is already accepted by the market, and we look forward to its implementation at Aldar. We also look forward to working closely with all of our partners across our entire supply chain to drive more local content, support Emiratization and talent development, and collaborate on environmental initiatives to control climate change.”

ADNOC’s ICV Program was launched in January 2018 to encourage private-sector partnerships and opportunities resulting from the company’s 2030 smart growth strategy, catalyze socio-economic development, improve knowledge-transfer and generate jobs for UAE nationals.

More than 3,000 suppliers are certified in ADNOC’s ICV Program, which serves as the primary enabler of ADNOC’s – and suppliers’ – contributions to the UAE’s socio-economic growth and development. In the ICV Program’s first two years, ADNOC enabled the private sector to hire more than 1,500 Emiratis and drive more than AED 44 billion back into the UAE economy.

About ADNOC

ADNOC is one of the world’s leading diversified energy and petrochemicals groups with a daily output of about 3 million barrels of oil and 10.5 billion cubic feet of natural gas. With 14 specialist subsidiary and joint venture companies, ADNOC is a primary catalyst for the UAE’s growth and diversification.

For further information: media@adnoc.ae

About Abu Dhabi Ports

Established in 2006, Abu Dhabi Ports is a global trade enabler strategically based in the capital of the United Arab Emirates. It is the region’s premier facilitator of logistics, transport, and trade, bridging Abu Dhabi with the world. Abu Dhabi Ports owns and manages 11 ports and terminals in the UAE and Guinea.

Abu Dhabi Ports’ largest subsidiary is Khalifa Industrial Zone Abu Dhabi (KIZAD), the integrated trade, logistics, and industrial hub, with the flagship, deep water Khalifa Port as its maritime gateway.

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