The Abu Dhabi National Oil Company (ADNOC) today affirmed the participation of in excess of 40 worldwide CEOs and more than 700 participants at the ADNOC Downstream Investment Forum, underlining both the nearby, and extensive worldwide, enthusiasm for the occasion.
The Forum will start on thirteenth May, in Abu Dhabi. Amid the occasion, ADNOC will layout its new point by point downstream methodology and critical extension and venture gets ready for the Ruwais refining and petrochemical complex in the UAE. The Forum will go about as a stage to dispatch various new residential and global ADNOC association and venture activities over the more extensive downstream esteem chain. Further, it will feature to worldwide business pioneers from a wide scope of ventures, the key position that Abu Dhabi and the UAE have, with their history of association, geocentric area and stable condition, as a goal of decision for speculation and key organizations.
Remarking on the up and coming Downstream Investment Forum, Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, stated: “Our Downstream Investment Forum comes during a period of extraordinary potential for our industry as worldwide interest for petrochemicals extends, driven specifically by the development economies of Asia. The Forum will give the perfect setting to industry pioneers to find out about the numerous venture and association openings that will be influenced accessible over our incentive to chain as we grow downstream. Essentially, these open doors will create appealing returns for ADNOC and our accomplices and have a noteworthy overflow affect on the advancement of the UAE’s monetary development. We anticipate respecting our visitors to Abu Dhabi at what will be a remarkable industry assembling that will exhibit the points of interest and appeal of the UAE as a worldwide association and speculation goal, both for downstream players and an expansive scope of organizations, ventures and administrations suppliers.”
Speakers and participants at the Forum will incorporate Ministers, and conspicuous vitality industry pioneers, for example, Dharmedra Pradan, Minister for Petroleum and Natural Gas, India; Suhail Mohamed Faraj Al Mazrouei, UAE Minister of Energy and Industry; Kosaburo Nishime Japan’s State Minister of Economy, Trade and Industry; Sung Cheon Kang, Korean Deputy Minister for Trade; Amin Nasser, CEO of Saudi Aramco; Patrick Pouyanne, Chairman and CEO of Total; Bob Dudley, CEO of BP; Joe Kaeser, President and CEO of Siemens; John Flint, Group CEO of HSBC; Sanjiv Singh, Chairman, IndianOil; Wang Yilin, Chairman of China National Petroleum Corporation; Vicki Hollub, President and CEO of Occidental Petroleum Corporation; Claudio Descalzi, CEO of ENI; Jeremy Weir, CEO of Trafigura; Mark Garret, CEO of Borealis; Eric Cantor, Vice Chairman and Managing Director, Moelis and Company; Musabbeh Al Kaabi, CEO of Mubadala Petroleum and Petrochemicals; and Dr. Daniel Yergin, Vice Chairman of IHS Markit.
The Forum, which has demonstrated a noteworthy draw for worldwide oil, gas, petrochemical, and other industry pioneers, will check the dispatch of ADNOC’s new downstream procedure, which intends to exploit quick developing vitality advertise flow and the rising worldwide interest for refined and petrochemical items. ADNOC’s new downstream technique will empower it to end up a main, worldwide downstream player, situating both Abu Dhabi and the UAE as a noteworthy center in the worldwide refining and petrochemicals esteem chain.
ADNOC’s development and new interest in the downstream will quicken the conveyance of its 2030 methodology and make a more adaptable, versatile and various vitality business, upgrading its execution and extending the dollar from each barrel of oil it produces. Further, the downstream procedure will likewise go about as another impetus for Abu Dhabi’s monetary development and broadening designs, drawing in new outside and household speculation, making various business and profession openings, and fundamentally boosting ADNOC’s in-nation esteem creation activities. The technique will draw upon ADNOC, Abu Dhabi and the UAE’s qualities, for example, its entrance to world class assets, vital geographic area, stable political and financial condition, and its organization demonstrate created more than 45 years, featuring the organization and country’s key part in the worldwide economy.
Nearby board discourses and the uncovering and introduction of ADNOC’s new downstream methodology and Ruwais extension anticipates the very first moment, the Forum will likewise incorporate a voyage through ADNOC’s Ruwais Industrial Complex and Ruwais City, on day two. The UAE’s reality scale and completely coordinated refining and petrochemicals complex (as of now the world’s fourth biggest refinery comprehensively) is set to end up the motor of ADNOC’s downstream system, and will turn into a worldwide epicenter for the refining and more extensive petrochemicals industry, and additionally supporting the quickened improvement and development of Ruwais city.
