"The steps we have taken so far have laid a solid foundation for powering the next phase of our growth," said H.E. Dr. Al Jaber. "And the biggest opportunity for that growth is downstream, particularly in petrochemicals, where demand is expected to climb 150 percent by 2040, driven by the growth economies of Asia ." While developing downstream has become a key strategic priority for delivering on the goals of ADNOC's 2030 smart growth strategy, H.E. Dr Al Jaber said the company is also building on its strong legacy as a leading, global upstream player. He cited the reconfiguration of the former ADMA offshore concession into multiple concession areas as an example of how an expanded approach to partnerships has allowed ADNOC to attract additional upstream partners who bring strategic value add to the table - in terms of market access, capital, technology and expertise.