{"id":96918,"date":"2024-10-17T00:00:00","date_gmt":"2024-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/how-adnoc-is-looking-at-the-energy-transition\/"},"modified":"2024-10-17T00:00:00","modified_gmt":"2024-10-17T00:00:00","slug":"how-adnoc-is-looking-at-the-energy-transition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/17\/how-adnoc-is-looking-at-the-energy-transition\/","title":{"rendered":"How Adnoc is looking at the energy transition"},"content":{"rendered":"

It was relatively quiet for the UAE in the global press overnight.<\/strong> The Financial Times<\/a> takes a look at Adnoc\u2019s energy transition plans, including decarbonizing existing operations and transitioning into green energy while reserving oil and gas for export. The company is banking on continued strong global demand for gas, especially after Russia's removal from Europe\u2019s gas market. The salmon-coloured paper also dove into Adnoc\u2019s chemicals, plastics, and ammonia investments. FT interviewed Adnoc executive director Musabbeh Al Kaabi discussed the company\u2019s strategies in an interview.<\/p>\n

REMEMBER-<\/strong> Adnoc finalized yesterday its USD 3.62 bn acquisition<\/a> of OCI Global's 50%+1 stake in the chemical producer Fertiglobe. It also made a public takeover offer<\/a> earlier this month to acquire German chemicals company Covestro for EUR 14.7 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

The oil and gas giant is heavily investing in chemicals and plastics<\/p>\n","protected":false},"author":1,"featured_media":96919,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1551],"tags":[57,7,41],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uae-in-the-news","tag-adnoc","tag-enterpriseam-uae","tag-uae-in-the-news","wpautop","entry"],"acf":{"mongo_id":"53cfd263-6371-4c9b-8e20-021279d5c1c1","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2072.jpg","photo_position":"above","homepage_title":"","full_issue_title":"How Adnoc is looking at the energy transition","related_issue":[96904],"teaser":"The oil and gas giant is heavily investing in chemicals and plastics","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.ea1fc716-92f3-408e-8619-e59ffd81d1a4.mp3"},"yoast_head":"\nHow Adnoc is looking at the energy transition - 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