Page 57 - Abu Dhabi Oil Co Ltd. (Japan) - Sustainability Report

ADOC 2022 SUSTAINABILITY REPORT

Economic Performance • Execute annual planned construction and maintenance
work without delays. Any planned construction and
maintenance works are to be completed safely within
Optimizing productivity and long-term growth are strict time schedules.
key to our vision. To fulfill this ambition, the following Financial control at ADOC is the responsibility of the
primary goals were established: FA Department, which prepares and controls budgets,

• Maintain stable and safe operations by prioritizing manages funds, and prepares tax declarations. No
everyone's safety to prevent incidents involving new procedures or policies were formulated in the
ADOC personnel and production disruption. This ADOC FA Department in 2022. Our approach to
is the most important management philosophy and maintain and increase efficiency in the department is
ongoing goal of the Company. to continue to implement the standard systems such

• In order to make ADOC a stronger and more as the Oracle Enterprise Resource Planning tool and
competitive company in Abu Dhabi, it is necessary to ADOC budget book systems.
further improve individual capability and productivity.

DID YOU KNOW?
The National In-Country Value (ICV) Program is implemented under the supervision of Ministry of Industry
and Advanced Technology (MoIAT), and by redirecting higher portions of public spending into the national
economy, it aims to boost economic performance and support local industries. Some of its key objectives are
the strategic localization of supply chain, development of new local industries and services, stimulating and
attracting foreign investments and diversifying the economy.

Employment
Job creation
within UAE opportunities for
and beyond UAE nationals
through CBTP

Indirect Economic

Performance
Indirect

ADOC’s crude oil is currently being Economic
exported to Japan, which has a positive Performance
effect on the economy. Creation

By employing 35.3% Emirati Nationals, and Market of
consuming local products and services in development contracting
the UAE, with 93% of the total spending service
on procurement being on local vendors and stability opportunities
during 2022, ADOC is actively indirectly creation for for projects and
supporting local economic development. ADOC suppliers ongoing operations
support

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