Abu Dhabi National Oil Company (Adnoc) will announce its downstream strategy as well as partnership opportunities at a gathering of global chief executives on May 13 as the company looks to diversify its hydrocarbons revenues to include increased sale of products. “We have always been a long-term, reliable supplier of crude and refined products, and we will remain so, but in the future Adnoc will also look to substantially grow its downstream position to become a global player, and reliable partner, in the production, supply and trading of refined and petrochemical products,” said Dr Sultan Al Jaber, UAE minister of state and Adnoc Group CEO said in a statement on Monday. Adnoc, which recently launched its first ever competitive bidding for six oil and gas blocks in Abu Dhabi, is set to unveil new partnerships and investment opportunities further down the value chain next month, it said in the statement. At the centre of the company's downstream strategy is the construction of what is intended to be the world’s largest integrated refining and chemical site in the world. The planned complex in Ruwais, will produce 14.4mn tonnes of petrochemical products annually by 2025.