The Abu Dhabi National Oil Company has hosted 200 members of the global financial and investment community at its second investor forum in Abu Dhabi
ADNOC provided attendees with a deeper understanding of its transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of a new partnership and co-investment opportunities across its value chain on its path to building an integrated global energy leader of the future.
As reported in Wam.ae, the forum provided an overview of ADNOC’s assets and footprint along the oil, gas and petrochemical value chain as well as its strategic venture into trading. Forum attendees were updated on the delivery of ADNOC’s 2030 growth strategy as well as its new integrated gas strategy, aimed at achieving self-sufficiency in gas and transitioning to potentially becoming a net gas exporter.
Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO, said, “ADNOC’s investor forum aims to provide the global financial and investment community with a deeper understanding of ADNOC’s ambitious vision and 2030 strategy to grow its presence across the energy value chain and secure greater market access for its products, as well as the integral role that partnerships will play in this journey.
“As in the past, we are actively seeking long-term, value-adding partners to invest and grow alongside us. Over the last two years, we have developed a substantial pipeline of attractive and innovative partnership and co-investment opportunities, covering both equity and debt, and including opportunities in our infrastructure portfolio, service and support businesses, as well as our key operating business.”
Tony Blair, executive chairman of The Institute for Global Change and former prime minister of Great Britain and Northern Ireland, gave a keynote speech on macro trends in geopolitics and how these will shape the energy industry going forward.
ADNOC has entered the global capital and debt markets for the first time with the issuance of a US$3bn bond on its ADCOP pipeline asset and executed the first-ever IPO of an ADNOC business with the successful listing of ADNOC Distribution on the ADX.
As a further example, ADNOC recently closed a landmark oil pipeline infrastructure investment with BlackRock, KKR, Abu Dhabi Pensions Fund and Singapore’s sovereign wealth fund, GIC, resulting in nearly US$5bn of foreign direct investment into Abu Dhabi and the UAE.
A guest speech at the event was also given by Ahmed Al Sayegh, Minister of State and chairman of Abu Dhabi Global Market (ADGM), the emirate’s financial free zone, on the UAE’s attractiveness as an investment destination.
