Related Articles
Interview
Forward article link
Share PDF with colleagues

Adnoc opens up

The company now faces a group-wide transformation

John Carey was hired by the UAE's state oil firm Adnoc last September to spearhead the initial public offering (IPO) of its retail unit and help revise its business model. Today, he sees the company on the cusp of huge changes in how it operates and manages its portfolio. "I came into the company as much to lead a transformation as I came in for the listing," Carey, deputy chief executive of Adnoc Distribution, told Petroleum Economist in an interview. "The reason for the IPO in the first place was that Adnoc decided they needed to be much more active with the management of their portfolio and therefore they saw the need for transformation across the organisation." The deal, which raised $

Also in this section
Rosneft makeover 'on the way'
17 July 2018
Chief executive Igor Sechin has outlined bold reforms for Russia's largest oil company, but will they be put into practice?
Brazil's floating future
5 July 2018
The resignation of Petrobras’ boss comes just as it begins to reap the benefits of his reform programme
Petrobras' incomplete recovery
4 July 2018
Brazil's state oil company has taken major strides forward, but further progress and support from the next government are needed