Abu Dhabi National Oil Company
UAE state-owned oil company
Abu Dhabi National Oil Company
The Abu Dhabi National Oil Company (Arabic: شركة بترول أبو ظبي الوطنية), known by its acronym ADNOC, is the state-owned oil company of Abu Dhabi, United Arab Emirates. It is the world's 12th largest oil company by production. In 2024, ADNOC had a crude oil production capacity of 4.85 million barrels per day and planned to increase it to 5 million barrels per day by 2027. It is the United Arab Emirate's largest oil company. ADNOC's output was roughly flat at about 2.5 million barrels per day during the 1990s. It stood at 2.9 mbpd in 2008. Although its financial indicators are difficult to assess as the company has been described as secretive, it has also been described as efficient and well managed. ADNOC is one of few oil companies in the world to make a substantial investment to increase oil production amid growing pressure to reduce output due to climate change. In 2024, ADNOC's oil products represented 564 Mt of CO2 emissions, which was 1.46% of global CO2 emissions.
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