Abu Dhabi National Oil Company is the primary government owned Oil Company of the United Arab Emirates (UAE), the world’s single largest oil producer. The company was originally founded in 1971 and later restructured in 1988 to its current form. Under its current form, the Abu Dhabi National Oil Company owns two primary oil refineries in Ruwais and Umm Al Nar with at least 21 different subsidiaries focused on all other aspects of the oil and gas industry.
The company’s operational focus is extracting and refining crude oil, developing oil products, natural gas exploration and extraction and the development of Petrochemicals. Both its offshore and onshore natural gas exploration and extraction efforts are focused on providing liquefied natural gas (LNG), both locally and on an international level with some strict limitations.
As indicated, the company operates throughout all aspects of the oil business from drilling to transporting. Here is a list of some of the company’s key subsidiaries: Abu Dhabi Company for Onshore Petroleum Operations Ltd., Abu Dhabi Marine Operating Company (ADMA-OPCO), National Drilling Company (NDC), Abu Dhabi Gas Industries Limited (GASCO) and Abu Dhabi National Tanker Company (ADNATCO).
The company employed over 25,000 people as of 2011, under the leadership of Khalifa bin Zayed Al Nahyan (Chairman of the Supreme Petroleum Council) and Dr. Sultan Ahmed Al Jaber (CEO), both appointed by the UAE Government. Also, the regionally appointed Supreme Petroleum Council serves as the organization’s board of directors. The company’s primary headquarters are located in Abu Dhabi, United Arab Emirates with many of its subsidiary operations spread throughout the region.
As a government owned operation, much of its financial information is restricted. However, it was estimated that the Abu Dhabi National Oil Company generated somewhere in the vicinity of US$60 billion in revenues for the fiscal year ended in 2014.