ADNOC Bets More Than $9.5 Billion on Local Manufacturing in the UAE

Journal of Petroleum Technology 

Abu Dhabi National Oil Company (ADNOC) has signed agreements with 25 companies potentially worth more than $9.5 billion that will stimulate investment in local manufacturing of products to support the diversification of UAE's industrial and manufacturing infrastructure. The agreements set out the suppliers' intention to manufacture 21 products in the UAE, supporting the delivery of ADNOC's 2030 strategy, which includes a more-profitable upstream and more-valuable downstream as well as a more-sustainable and economic natural gas supply. Companies who have signed agreements with ADNOC include Siemens, Halliburton, Celeros FT, Emerson, Proton R&D, and Schneider Electric. Among the products which could be manufactured in the UAE are pressure vessels; compressors; pipeline inspections gauges; specialist valves; industrial pumps; switchgears; variable speed drives, and flame and gas detectors. The agreements could also see investments made in machining, reverse engineering, and nondestructive testing equipment.

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