United Arab Emiratesadnoc.ae/en/adnoc-global-trading
ADNOC Global Trading Ltd is an international trading company and a subsidiary of ADNOC Group, the Abu Dhabi National Oil Company. Established around 2020 as a joint venture with ADNOC holding 65%, ENI 20%, and OMV 15%, it is headquartered in Abu Dhabi Global Market (ADGM), UAE, with operations in Singapore and plans for expansion into Europe and the U.S.
The company specializes in the global trading of refined petroleum products and supply feedstocks, including naphtha, gasoline, diesel, jet fuel, gas oil, LPG, biofuels, condensate, and fuel oil. It also trades third-party crude feedstocks, derivatives, and paper markets to optimize refining operations and deliver value to ADNOC and its partners.
ADNOC Global Trading supports the energy value chain through market insight, shipping, storage, integrated solutions, and advanced risk management. Naphtha trading links it to the chemical industry as a key petrochemical feedstock.
Q1: operating cash flow €776m (€1,624m excl NWC, +20%); net income €323m; leverage 17%. Energy down, Fuels flat, Chemicals up on Borealis reclass. and higher polyolefin margins; Borouge closed