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ADNOC captures more value through product diversification

Feb 16, 2021
2 min read
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The Abu Dhabi National Oil Company (ADNOC) announced that it has added White Spirit and Solvents to its refined products portfolio.

These products allow ADNOC to capture more value from Abu Dhabi’s natural resources, producing products that can be used by domestic industry to promote In-Country manufacturing, while also expanding its market reach internationally.

White Spirit & Solvents are produced by ADNOC Refining in Ruwais. These specialty products have various industrial and household applications and are used to produce products such as varnish, adhesives, inks, paint thinners    and cleaning agents.

Abdulla Ateya Al Messabi, CEO of ADNOC Refining, said: “In our Refineries, we continue to focus on stretching the margin from every barrel of oil that we process.  I am proud of our teams who responded swiftly and efficiently to market dynamics, expanding and diversifying our product range and unlocking value from our operations and resources. These products will enable ADNOC to extend its reach to new markets and widen its customer base.”

ADNOC Refining produces more than 40 million metric tons of high-quality refined products to markets around the world. It has the capacity to refine more than 922,000 barrels of crude oil and condensate per day into various products, including liquefied petroleum gas, naphtha, gasoline, jet fuel, diesel, base oil, and petrochemical feedstock; such as propylene. It also produces specialty products such as carbon black and calcined coke.

Since 2019 ADNOC Refining has been run as a joint venture company between ADNOC and the European energy firms Eni and OMV.