792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

PETRO CHEMICAL INDUSTRY OF UAE
Petrochemical Industry Profile and Evolution
Petrochemical Cluster
The Supreme Petroleum Council (SPC) was established in 1988 as the superior
authority responsible fort he petroleum industry in the emirate of Abu Dhabi. The
Ruler of Abu Dhabi chairs SPC that formulates and oversees the implementation of
Abu Dhabi's petroleum policy and follows up its implementation across all areas of
the petroleum industry through Abu Dhabi National Oil Company (ADNOC), its
National Oil Company
Abu Dhabi has the world’s fourth largest oil reserves (97.8 thousands million barrels)
and 5th largest natural gas reserves 6 trillion cubic meters (BP, 2011). The evolution
of oil and gas industry in Abu Dhabi is illustrated in the above Figure. It started with
the first concession that was awarded to Petroleum Development (Trucial Coast) on
11th January 1939, a non-national company, but geological work and exploratory
drilling started in February 1950, the first commercial oil discovery was made on
1960 at Bab oil field, and the first shipment of crude was exported from Jebel
Dhanna terminal in 1963 prior to the formation of the federation of the United Arab
Emirates. In 1971 The Abu Dhabi National Oil Company (ADNOC) was established
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