International Business Management: ADNOC, UAE ADNOC is an abbreviation that stands for Abu Dhabi National Oil Company, established in 1971. The intended main area of business that the company was meant to serve was the oil industry. However, over the years the company has managed to expand its operations, venturing into new portfolios and establishing subsidiaries that deal in oil refining, exploration of crude oil deposits, oil production and support services, as well as maritime transportation and petrochemicals. Today, ADNOC is one of the renowned global players in the business, with a strong and enhanced competitive advantage that is sustained by upstream as well downstream activities, such as transportation, shipping, and marketing operations.
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