EPG presents ADCO with framed stamps on 50th Anniversary of 1st Crude Oil Shipment

Abu Dhabi, May 13, 2015: Senior officials of Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO) were presented with framed stamps issued by Emirates Post on the occasion of the 50^th anniversary of first crude oil shipment and 75^th anniversary of the oil concession agreement.

Mr. Abdul Munim Saif Al-Kindy, Chief Executive Officer, ADCO, and Mr. Hussain Sultan Lootah, Senior Vice President (Support Services), ADCO, received the ornamental frame from Mr. Mohammad Kamal, Executive Director, Business Development, Emirates Post Group.

The officials expressed their appreciation of the stamps and hoped to continue the ongoing relationship with EPG in the field of stamps and other philatelic services as well as explore new projects in this area.

Mr. Ibrahim Bin Karam, Chief Commercial Officer, EPG, while lauding ADCO’s move to celebrate its milestones through postage stamps, said: “Creating stamps to mark major occasions is an ideal way to preserve for posterity the achievements of an organization. Emirates Post Group is offering cost-effective and value-added services in this field, and we are now equipped to customize stamps to the needs of individual companies, as we realize that corporates attach great importance to celebratory stamps.”

The stamps were issued by Emirates Post Group on April 2, 2015, on the occasion of the signing of the original concession agreement by the Ruler of Abu Dhabi on January 11, 1939, with Petroleum Development (Trucial Coast) Ltd. The first commercial oil discovery in the onshore concession was made at Bab field in 1960, and on December 14, 1963, crude oil shipment began from Jebel Dhanna Terminal.

ADCO continues to contribute to the development of Abu Dhabi and the UAE, in accordance with the visionary policies of the Rulers, whose concern has always been the prudent use of the wealth and seeking prosperity for future generations.