The Honourable The Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, visited Adnoc’s trading office at Abu Dhabi Global Market and examined the accomplishments of Adnoc’s trading companies, Adnoc Global Trading and Adnoc Trading.
During his tour of the trading floor, His Highness got to know Emirati commodity traders who are assisting Adnoc in generating new revenue streams by entering new energy markets. To continue promoting sustainable economic development for Abu Dhabi and the UAE, he emphasised the role played by Adnoc’s trading operations in bolstering Abu Dhabi’s standing as a central hub for international trade, supporting the country’s transition to new energy sources, and further diversifying the economy.
Adnoc’s trading companies, established in 2020, have opened up significant revenue streams for the business. To gain new market share and assist the United Arab Emirates’ transition to renewable energy sources, Adnoc has also extended the scope of its trading desks beyond refined products (like gasoline, jet fuel, gasoil, naphtha, and so on) and crude oil to include liquefied petroleum gas (LPG), liquefied natural gas (LNG), biofuels, sulfur, and carbon.
Additionally, His Highness was briefed on how Adnoc’s Trading Academy prepares UAE nationals with knowledge and expertise in international commodity trading. His Highness emphasised the leadership’s continued dedication to assisting Emirati youth as the cornerstone of the nation’s prosperity and its emphasis on investing in skill development in crucial strategic areas as a vital tenet of the UAE’s future expansion.
Also Read:
According to The Ministry, the UAE Saw 4.9 Million Speeding Infractions in 2023
