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Oil & Gas

It’s no secret that Abu Dhabi attracts companies wanting to work in the oil and gas sector. It’s proven oil reserves are 92.2 billion barrels. On behalf of the Abu Dhabi government, ADNOC is responsible for exploration, production, storage, refining and distribution, and development of petrochemical products.

Supreme Petroleum Council approval

Companies wanting to supply goods and services directly to ADNOC are required have an Abu Dhabi Commercial License (Trade License). They are also required to be approved by the Supreme Petroleum Council before they can start on their supplier registration application with ADNOC. There is a minimal fee applying for the Supreme Petroleum Council approval, which is an additional activity on the Commercial License (approx. AED250). Beware of organisations which charge thousands of Dirhams to obtain this approval and continue to charge such fees on an annual basis for the privilege –its not necessary!

Additionally, companies which need access to work on the Emirate’s critical national infrastructure will require CICPA security passes for their staff. Consider the hassle, time and expense of setting up a company only to find out that you can’t get the Supreme Petroleum Council approval because you don’t meet the requirements. Gateway helps
clients to avoid this unnecessary experience. Gateway is Supreme Petroleum Council-approved, which means that we meet the local partner requirements for oil and gas companies wishing to work directly with ADNOC.

ADNOC’s In Country Value (ICV) initiative

Effective 2018, suppliers are required to obtain a certified ICV score to tender for ADNOC projects. Successful bidders are then required to commit to improve that score annually during the project.

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