Abu Dhabi National Oil Co.
Coverage of Abu Dhabi National Oil Co. in the Nexus archive.
- UAE oil production hits record high after leaving Opec
The UAE boosted oil production to a record 4.1 million barrels per day in June 2026, surpassing its previous high, following its exit from Opec in May. The increase reflects the country's efforts to bypass constraints imposed by Saudi-led Opec and navigate challenges related to Iran's control of the Strait of Hormuz.
- The supertanker tycoon making millions on Hormuz shuttle runs
Ga-Hyun Chung's Sinokor Group leases supertankers for the UAE's Abu Dhabi National Oil Co. to conduct covert 'dark' oil shipments through the Strait of Hormuz, enabling increased crude exports amid the Iran war. The UAE's strategy involved ships traveling without transponders and offloading cargo outside the strait, with Sinokor controlling nearly half of Emirati crude shipments by June.
- Adnoc to Speed Growth With $55 Billion Project Awards Post-OPEC
Abu Dhabi National Oil Co. (ADNOC) announced a $55 billion project awards initiative to accelerate growth, revealed during the ADIPEC conference in Abu Dhabi, United Arab Emirates. The move follows strategic decisions post-OPEC to bolster energy expansion.