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BUSINESS PLAN – LOCALIZED TO THE REGION

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BUSINESS PLAN – LOCALIZED TO THE REGION

Category: Business Plan

Subcategory: Business

Level: College

Pages: 15

Words: 4125

ADNOC (Abu Dhabi National Oil Company) Business Plan
Name
Institution

Executive Summary
In the United Arabs Emirates, Abu Dhabi National Oil Company (ADNOC) is known for its competence in oil production and other related services. Moreover, the company is fourth among the largest oil companies in the whole world (Tareq, 2005). It has proved beyond reasonable doubts to have the potential to provide products that satisfy most parts of the world. In the year 1971, it is when the company was introduced with the aim of operating all oil and gas entities in the whole of United Arabs Emirates. First, it concentrated on two products; oil and gas production but later it started expanding. It started offering chemicals and other products like maritime transportation as well as support services. However, in the past four decades the company has improved by far. It has expanded its territories by establishing a stiff competition with the existing related companies in UAE and some parts of the world. In addition, the company has developed and started up many projects that have taken the initiative of expanding its revenues and other means of income. For instance, in 2009 the company started up the ‘ADNOC Sustainability Performance Initiative.’ It was a program that targeted equalizing the needs of the society and the resources of the Earth. Moreover, the company has participated in the development of learning institutions that help in producing skilled UAE cadre for the secto…

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