ADNOC Captures More Value Through Product Diversification
White Spirit and Solvents produced by ADNOC Refining now supplied to local and international markets
Expanded product range creates opportunities for local manufacturing
ADNOC continues to stretch the margin from every barrel of oil produced, refined, shipped and sold
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.
Mr. 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.”
The expansion of ADNOC's product range is also part of its broader downstream 2030 Smart Growth Strategy. The strategy capitalizes on Abu Dhabi's proximity to global growth markets, access to competitive feedstock, and its attractive fiscal and regulatory environment. Since launching the strategy in 2018, ADNOC has attracted significant foreign investment into Ruwais and expanded downstream partnerships across its refining, fertilizer, and pipeline assets. This strategy is transforming Ruwais into a world-class and globally competitive chemicals cluster, stimulating private sector activity and long-term specialized employment opportunities, particularly for those from the Al Dhafra region.
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.