ADNOC's Al Kaabi on IPO, China's Energy Market

The transcript discusses the IPO of Adnock LNS, targeting both local and international investors. It highlights market confidence, the role of technology, and the focus on climate tech and hydrogen investments. The challenges of hydrogen export and cost reduction are addressed, along with the demand dynamics in Asia and Europe. The company's strategy for future growth in low carbon solutions and petrochemicals is also outlined.

What is the primary focus of the Adnock LNS IPO?

• To attract only local investors

• To create value and enable growth

• To reduce company debt

• To focus solely on international investors

What is the main theme of the Climate Tech event in Abu Dhabi?

• Advancements in artificial intelligence

• Traditional oil and gas exploration

• Financial technology innovations

• Decarbonization and new energy forms

What is the company's investment commitment towards low-carbon solutions?

• $15 billion

• $20 billion

• $10 billion

• $5 billion

Which type of hydrogen is the company already using in its refining business?

• Green hydrogen

• Blue hydrogen

• Grey hydrogen

• Pink hydrogen

What is a potential carrier for hydrogen mentioned in the transcript?

• Blue ammonia

• Natural gas

• Solar panels

• Wind turbines

What is the company's strategy for international growth?

• Reducing international operations

• Expanding in natural gas and chemicals

• Focusing on renewable energy only

• Investing in coal and oil

What is the company's perspective on the energy demand recovery in China?

• It is showing mixed signals but recovering

• It is not expected to recover

• It is stagnant

• It is declining rapidly