The Abu Dhabi National Oil Company (ADNOC) (Arabic: شركة بترول أبو ظبي الوطنية) is the state-owned national oil company of Abu Dhabi, United Arab Emirates, and one of the world’s leading integrated energy producers. ADNOC is the largest oil company in the UAE and ranks among the top global oil producers, with production capacity exceeding 4 million barrels per day (bpd) and plans to increase capacity to 5 million bpd by 2030.As a cornerstone of the UAE’s energy sector, ADNOC plays a central role in supporting Abu Dhabi’s economic growth, diversification, and global energy leadership.
History and Evolution
ADNOC’s oil production remained relatively stable at approximately 2.5 million bpd throughout the 1990s, rising to 2.9 million bpd by 2008. While the company operates with limited public financial disclosure, it is widely regarded as efficient, well-managed, and strategically forward-looking.In November 2019, ADNOC received approval from Abu Dhabi’s Supreme Petroleum Council to list its flagship Murban crude oil as a futures contract on an international exchange. Murban accounts for nearly half of the UAE’s total oil output, reinforcing ADNOC’s influence in global oil markets.In July 2020, ADNOC formed a joint venture with Abu Dhabi Developmental Holding Company (ADQ) to invest in chemical projects at the Ruwais Derivatives Park, with ADNOC holding a 60% stake.In December 2021, ADNOC partnered with Abu Dhabi National Energy Company (TAQA) on a USD 3.6 billion initiative aimed at reducing the carbon footprint of its offshore operations by over 30%.
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Strategic Acquisitions and Global Expansion
ADNOC has pursued strategic international investments to strengthen its downstream and chemicals portfolio:2022: Acquired a 24.9% stake in OMV, the Austrian integrated oil, gas, and petrochemical company,2023: Acquired OCI’s entire stake in Fertiglobe for USD 3.62 billion, expanding its position in ammonia and urea production,2024: Announced the acquisition of German chemical company Covestro for USD 16.3 billion,In 2025, the European Commission launched an investigation to assess whether state backing or subsidies were involved in the Covestro transaction. The inquiry followed prior approval of the acquisition under standard EU merger review procedures.
Operations and Assets
The UAE holds the sixth-largest proven oil reserves globally, estimated at 105 billion barrels, the majority of which are located in Abu Dhabi. ADNOC is among the world’s largest energy companies in terms of both reserves and production. ADNOC operates across the entire hydrocarbon value chain through 16 subsidiary companies, covering:Upstream: Onshore and offshore oil and gas exploration and production ,Midstream: Storage, transportation, and logistics ,Downstream: Refining, petrochemicals, and product distribution. The company operates two major refineries: Ruwais Refinery ,Umm Al Nar Refinery
ADNOC also produces and exports liquefied natural gas (LNG) and supplies gas to domestic electricity and water utilities, petrochemical industries, and reservoir re-injection operations. Sustainability and Energy Transition :Despite global pressure to curb fossil fuel production, ADNOC is among the few major oil companies continuing to invest in capacity growth, while simultaneously advancing decarbonisation initiatives. The company is actively developing technologies and partnerships to reduce emissions, improve efficiency, and support a balanced and responsible energy transition.
Purpose and National Impact : Since 1971, ADNOC has been a primary catalyst for Abu Dhabi’s economic development—creating thousands of jobs, supporting a knowledge-based economy, and reinforcing the Emirate’s global standing.Through innovation, strategic investment, and integrated operations, ADNOC remains committed to maximising the value of its resources, meeting the evolving demands of global energy markets, and delivering long-term value to the UAE economy for generations to come.
Accountant (Collections – Commercial)
Job Purpose
Responsible to follow up assigned customers debts including calling and meeting with customers to discuss the
settlement of their outstanding accounts. To monitor customer’s adherence to the agreed credit terms, credit
limits and payment terms. To devise quick course of action in event of payment defaulted. To prepare weekly,
monthly and quarterly reports and ensure accounts of defaulters are reported.
Job Specific Accountabilities (Part 1)
- Follow-up and Recovery
• Receives the list and files of the customer assigned from the Senior Collection Manager. Studies these
files and plan his work program and priorities. Verifies additional information from Senior Collection
Manager or Sales Manager regarding the customer. Classifies the customers to determine the given
credit facility of each customer and discusses collection and debt plan with the Senior Collection
Manager.
• Calls and arranges formal visits to individual customers to discuss the unpaid dues in their accounts
and expresses. Explains company’s policy with regards to the subject and the consequences if the debt
is not settled on time.
• Follow up with assigned customers to settle debts on time and ensure the signed agreement between
business units and assigned customers are in line with company’s credit policy.
• Monitors customer’s adherence to the agreed payment terms and devises immediate regularization
option should there be any default. Informs the customer prior to such defaults and reminds them terms
and conditions he agreed and signed. Asks the customer immediate correction of his payment status
otherwise coordinate with the senior to take further actions.
• Provide the customer with missing documents such as (invoices, PDN, Credit note) to compete the
payment process on time.
Job Specific Accountabilities (Part 2)
Collection Management
• Receives company’s bank statements on daily basis and unidentified all the payment with details and send
it to cash office. Ensure all submitted allocations to cash office are correctly remitted to customer accounts
and inform the senior in case of long overdue debts collected.
• Identify cash payments from corporate customer and send it to cash office to create receipt and allocated
in same day.
• Applies receipts to proper customer on daily basis invoice.
• Receives cheque from customers, gives the customer a temporary receipt of cheque collection and
submitted to cash office with customer details.
• Receives returned cheque from the cash office and report the senior. Holds all returned cheques in a safe
and contact the customer to clarify the reasons of returned cheque. Ensures that payment is done before
giving back the returned cheque to the customer.
• Identifies and reports periodically about all customers returned cheque to the senior. Escalates the issue
to the department manager for further action in case customer’s cheque frequently returns.
• Coordinates regularly with business units’ sales managers to receive the latest update about the customer
profile. Allocate unidentified payments made through Banks after receiving the details from bank or
customer and inform the senior.
• Identifies frequently defaulted customers and report them to the senior. Discusses with the senior an action
plan to force those customers to pay within given credit period.
• Prepares monthly Aging report of customer overdue and mention the reasons non- payment.
• Performance other job-related duties such as providing necessary information and supporting documents
to the administration as required and any other related jobs assigned to him by the supervisor.
• Preparing the following reports on monthly basis to the senior management to view the performance of the
customer & collection (DSO, Top ten & Aging reports by collector)
• Prepares and send the balance confirmations to top 10 customers quarterly.
Minimum Requirements
- Bachelor’s degree in accounting, Finance, or a related field.
- 6 years of experience in debt management and credit recovery in similar service industry or bank.
- Regional exposure and retail background are a plus.
- Valid UAE driving licence.
- Proficiency in Arabic and English language
- Public relations, interpersonal and negotiation skills.
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