Abu Dhabi National Oil Company to continue meeting global energy needs across oil, gas, chemicals, low-carbon, renewable energy, says Sultan Al Jaber
The United Arab Emirates said Tuesday that the Abu Dhabi National Oil Company’s (ADNOC) focus remains “unchanged” after the country announced it will leave OPEC and OPEC+ amid a historic energy shock triggered by the US-Israeli war against Iran.
UAE Industry Minister Sultan Al Jaber, who also serves as managing director and group CEO of ADNOC, wrote on US social media firm X that the decision was “a sovereign decision in line with its long-term energy strategy.”
“As for ADNOC, our focus remains unchanged,” Al Jaber wrote, adding that the state-owned company will continue to meet “the growing energy needs of our customers and partners around the world with reliability, responsibility, and the ambition to deliver more.”
He said ADNOC would pursue the approach across “oil, gas,chemicals, and low carbon and renewable energy.”
The remarks came after the UAE announced it would leave the Organization of the Petroleum Exporting Countries and the wider OPEC+, marking one of the most significant ruptures inside the oil producer group in years.
The decision comes as global energy markets face severe disruption from the US-Israeli war against Iran, which has driven crude prices sharply higher and intensified concerns about the security of supply from the Gulf.
The Strait of Hormuz, a key chokepoint for global energy shipments, remains at the center of market concerns as the war has severely restricted flows through one of the world’s most important oil and gas transit routes.
The UAE has long sought to expand its production capacity, while investing in gas, petrochemicals, low-carbon energy and renewables, as part of a broader strategy to strengthen its position as a global energy supplier.
ADNOC’s statement signals that Abu Dhabi intends to maintain its international supply commitments despite its decision to leave the producer alliances.
Source: aa