ADIPEC 2026 closes with more than 50,000 deals worth an estimated US$67 billion

ADIPEC 2026, the Abu Dhabi International Petroleum Exhibition and Conference, closed on 5 November with more than 50,000 deals worth an estimated US$67 billion recorded over four days, a 26.4% increase on 2025, the organisers said. The event, hosted by ADNOC at ADNEC in Abu Dhabi from 2 to 5 November, welcomed 240,000 attendees from 170 countries.

The exhibition had 2,260 companies across 16 halls, 30 country pavilions and four specialised industry zones, with China, the United States and Italy providing the most exhibitors. Participation from Asia reached 353 exhibiting companies, 12% more than a year earlier, and the AI Zone was 20% larger than in 2025. More than 40 ministers and policymakers and over 1,800 speakers took part across 13 conference programmes.

Among the deals announced during the week, XRG, ADNOC's international investment company, agreed to buy Shell's stake in Australia's North West Shelf LNG project for US$1.5 billion. TA'ZIZ, the ADNOC and ADQ joint venture, reached financial close on AED 5.1 billion for its TA'ZIZ Terminal and TA'ZIZ Ammonia projects in Ruwais, according to the organisers.

ADNOC also signed an agreement with OpenAI and Abu Dhabi's G42 to deploy OpenAI's Frontier technology across its operations, and ADNOC Gas agreed to supply up to 1.6 million tonnes of LNG to TotalEnergies, The National reported. Energy security after the disruption to supplies during the Iran war was a main theme of the discussions.

Speaking at a ministerial panel on 2 November, Suhail Al Mazrouei, Minister of Energy and Infrastructure, said the UAE plans energy investments of AED 150 to 200 billion by 2030 in generation capacity, electricity networks and storage, and that clean energy provided 32.4% of the country's electricity in 2025, WAM reported.

ADIPEC will return to Abu Dhabi from 1 to 4 November 2027.