On the occasion of accepting the new batch, an event was held at the offices of ADNOC International Trade in the presence of Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, Sarah Al Amiri, Minister of Education, and a number of senior officials from the education and Emiratisation sectors. and human resources, where the attendees were briefed on the academy’s programs and the achievements of ADNOC Trading and Trading companies.
Since their establishment in 2020, the two companies have achieved significant growth and expansion to become among the advanced global trading and trading companies for refined products and crude oil, and the number of employees has also increased.ADNOC“Specialists in the field of trade and trading from five in 2019 to more than 400 employees currently.
The two companies adopt a proactive approach in trading and trading ADNOC products to achieve the maximum possible value. They also provide shipment management services and hedging to manage risks and transported goods, through the use of ADNOC Logistics and Services ships.
Dr. Sultan Al Jaber stressed the importance of the contribution of ADNOC’s activities in the field of trade and circulation of products, through the companies “ADNOC Trading” and “ADNOC International Trade”, in achieving a qualitative shift in the services provided by the group, expanding its customer base, enhancing and increasing the value of its business, and creating opportunities. New growth and development.
He pointed out that both companies focus on using advanced technology, including taking advantage of artificial intelligence capabilities to make informed, data-based decisions that contribute to achieving the maximum value from every barrel of oil produced and sold.
Al Jaber said that the “ADNOC Trade and Trading Academy” continues its mission aimed at preparing a specialized generation of Emirati traders and providing them with special skills in commodity trading and trading, in a way that enhances the success and development of “ADNOC.”
To benefit from the potential of trade, handling and transportation activities, ADNOC established two new trading companies: ADNOC Trading, which specializes in trading crude oil, and ADNOC International Trading, which specializes in trading refined products.
The two companies carry out daily transactions that exceed what ADNOC did over the course of a year, and achieved a return on investment by the end of 2023 that is 17 times greater than the cost of establishing the two companies.
The “ADNOC Academy for Trading and Trading” is a major contributor to the success achieved by the “ADNOC” Trading and Trading companies, as the academy provides a two-year intensive program dedicated to ADNOC’s national employees, which includes in-service training that combines theoretical topics and provides trainees with practical skills, through… Simulation software and real-time market analysis to ensure they are prepared and ready to keep pace with the demands of global markets.
Since its establishment in 2020, about 40 Emiratis have graduated from the “ADNOC International Trade and Trading Academy” and are now working in the “ADNOC International Trade” and “ADNOC Trading” companies.
