TotalEnergies and ADNOC expand strategic alliance
TotalEnergies and Abu Dhabi National Oil Company (ADNOC) have signed a strategic partnership agreement that aims to jointly evaluate new growth opportunities in the following areas:
development of oil and gas projects in the UAE to ensure sustainable energy supply to the markets and contribute to global energy security;
supply of diesel from the UAE to France;
prospects for a commercial carbon capture, utilization, and storage (CCUS) project in the UAE.
TotalEnergies has been present in the United Arab Emirates for more than 80 years where it has built a longstanding presence, reflected by the size and diversity of its multi-energy assets and partnerships. It is today the 1st foreign company active in the country, with all its businesses present. In 2021, TotalEnergies’ equity production there was 280,000 barrels of oil equivalent per day (boe/d).
In partnership with ADNOC, TotalEnergies holds the following interests:
10% in the ADNOC Onshore oil concession;
20 % in the offshore Umm Shaif & Nasr oil concession and 5% in the offshore oil Lower Zakum concession;
15% in ADNOC Gas Processing (former GASCO);
5% in ADNOC LNG (former ADGAS);
5% in the National Gas Shipping Company (NGSCO);
40% in the Ruwais Diyab unconventional gas concession.
In partnership with Mubadala, TotalEnergies holds a 24.5% stake in Dolphin Energy, the first gas marketing project between Qatar, UAE, and Oman (2007).
TotalEnergies has been active in the country’s power generation since 2001 through the Taweelah desalination plant and power station, which meets around 10% of Abu Dhabi's water and electricity needs, in partnership with TAQA. In renewables, TotalEnergies (20%) is a partner of Masdar and ADPF in UAE’s first Concentrated Solar Power plant, which was inaugurated in 2013 with a capacity of 109 MW. The Company continues to grow in the solar sector in the country, especially in the field of distributed generation where it holds a leading position.
The Company also has a top position in the manufacturing and marketing of a wide range of automotive and industrial lubricants with a blending plant in the Emirates, supplying the whole region.
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity.
