Abu Dhabi Oil Co., Ltd. (Japan) (ADOC) is set to expand its presence and investments in the United Arab Emirates (UAE), as revealed by a senior company official.
Takahiko Shingai, Deputy General Manager and Director of the Development Department at ADOC shared this information during the ADIPEC 2023 exhibition and conference.
Shingai emphasized ADOC’s commitment to expanding its production facilities and increasing extraction rates in the UAE.
He highlighted the company’s track record of successful operations and achievements in the country over the past 50 years.
UAE’s Significance as an Oil Supplier:
Shingai acknowledged the UAE’s role as one of Japan’s most important oil suppliers. ADOC’s presence and investment projects in the UAE’s oil sector have played a pivotal role in strengthening the close relations between the UAE and Japan.
Contributing to the UAE Economy:
ADOC is actively developing its assets in the UAE, aiming to significantly and robustly contribute to the UAE’s economy. The company’s investment projects in the UAE have spanned over five decades, showcasing its commitment to the region.
A History of Partnership:
Abu Dhabi Oil Co., Ltd. (Japan) (ADOC) was established on January 17, 1968. In 2011, ADOC signed a new concession agreement to continue oil production from three oilfields and develop structures in the Hail Field, adjacent to Mubarraz Island, for 30 years.
This history underscores the enduring partnership between ADOC and the UAE.
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