What is ADNOC?
Founded in 1971, ADNOC serves as the state-owned oil entity of the United Arab Emirates, operating as a vertically integrated powerhouse that spans the entire hydrocarbon value chain. From upstream exploration and production to downstream refining and retail distribution, the company is a critical player in the regional and international energy landscape. By leveraging its massive resource base, ADNOC has transitioned into a sophisticated enterprise that balances traditional fossil fuel production with strategic investments in sustainable energy technologies and infrastructure, ensuring its relevance in the global energy transition.
How much funding has ADNOC raised?
ADNOC has raised a total of $32.9B across 7 funding rounds:
Debt
$3.3B
Share Placement
$10.1B
Share Placement
$1B
Stock Offering
$2.5B
Debt
$3B
Debt
$11B
Debt
$2B
Debt (2016): $3.3B with participation from Japan Bank for International Cooperation and Bank of Tokyo-Mitsubishi UFJ
Share Placement (2020): $10.1B led by Snam, NH Investment & Securities, Brookfield Asset Management, Global Infrastructure Partners, GIC, and Ontario Teachers’ Pension Plan Board
Share Placement (2020): $1B, investors not publicly disclosed
Stock Issuance/Offering (2023): $2.5B, investors not publicly disclosed
Debt (2024): $3B backed by Japan Bank for International Cooperation
Debt (2025): $11B, investors not publicly disclosed
Debt (2025): $2B led by Korea Trade Insurance
Key Investors in ADNOC
Global Infrastructure Partners
Global Infrastructure Partners is an investment firm focused on infrastructure assets across sectors such as energy, transportation, digital systems, and water and waste management. The company emphasizes long-term ownership and operational involvement in large-scale and complex assets, aiming to enhance their performance while delivering sustainable value.
GIC
Founded in 1981, GIC is a sovereign wealth fund that manages Singapore's foreign reserves. They work to secure the country's financial future by investing across a range of asset classes in both the public and private markets.
Korea Trade Insurance
K-SURE, also known as the Korea Trade Insurance Corporation, serves as a global leading partner in trade and investment. The company offers trade insurance services and provides non-face-to-face services for corporate clients, banks, and special customers.
What's next for ADNOC?
Looking ahead, the recent influx of capital is expected to accelerate ADNOC's strategic initiatives, particularly in the realms of decarbonization and infrastructure modernization. By aligning with global institutional partners, the company is well-positioned to optimize its asset performance and expand its footprint in emerging energy markets. The focus remains on enhancing operational efficiency while maintaining a leadership role in the energy sector, ensuring that the firm remains a pivotal entity in the UAE's economic diversification strategy and the broader global shift toward more resilient and sustainable energy systems.
See full ADNOC company page
