XRG P.J.S.C.
Budget
€100 — €0
EP Access
0
accredited persons
Staff
2
0.2 FTE
EU Grants
None
Mission & Goals
XRG P.J.S.C. (XRG) was created to become a lower-carbon energy and chemicals global investment vehicle for the ADNOC Group. XRG will focus investments initially across three core strategic value platforms: (i) XRG’s Global Chemicals platform will invest in chemical and specialty products; (ii) XRG’s International Gas platform will invest in gas-related assets such as LNG; and (iii) XRG’s Low Carbon Energies platform will invest in low carbon fuels and decarbonization technologies. Policies of the EU in particular with respect to trade, competition, the European Green Deal and Chemicals Strategy for Sustainability are important to XRG’s activities and inform investment decisions and strategies. XRG is committed to understanding the EU’s policy objectives in these areas and contributing where possible to their formulation. Additional information is available at: www.xrg.com.
EU Legislative Interests
1. Trade policy including the review of the Foreign Direct Investment Screening Regulation and the implementation of the Foreign Subsidies Regulation 2. The EU Green deal in particular the implementation of the actions as set out in the EU’s hydrogen Strategy 3. The EU Chemicals Strategy for Sustainability 4. The European External Action Service Communication on a strategic partnership with the Gulf so as to raise Abu Dhabi’s profile in the context of a closer collaboration between the EU and the Gulf region
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
XRG is not a member of such organisations. XRG's sole shareholder ADNOC is a member of industry bodies such as the International Association of Oil & Gas Producers (IOGP) and IPIECA, the oil and gas industry association for advancing environmental and social performance. ADNOC group companies are members of industry associations relevant to their operations.
Organisation Members
XRG is wholly-owned by Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (referred to as "ADNOC"). ADNOC is ultimately wholly-owned by the Government of the Emirate of Abu Dhabi. ADNOC is a commercially autonomous entity that is independently managed and governed by its own board of directors and, in particular, its executive management team. Pursuant to its laws of organisation, ADNOC is empowered to conduct its business activities independently from the Government of Abu Dhabi. Further information on the activities of ADNOC is available at: www.adnoc.ae. ADNOC has more than 100 (direct and indirect) subsidiaries globally. ADNOC’s main projects and offices are primarily based in the United Arab Emirates. The following ADNOC (indirect) subsidiaries are present in the European Union (as is most relevant to the scope of the Transparency Register): OMV Aktiengesellschaft (OMV) (www.omv.com), Borealis AG (Borealis) (www.borealisgroup.com) and Fertiglobe (www.fertiglobe.com). Each of OMV, Borealis and Fertiglobe in turn have interests in various entities across the European Union and globally.
Commissioner Meetings
No recorded meetings with EU commissioners.