Abu Dhabi National Oil Company (Adnoc) is not planning to publish a list of In-Country Value (ICV) scores for contractors, according to industry sources.

“As these scores are going to be a key part of the tendering process for major projects, Adnoc considers the individual certificated scores as commercially sensitive information,” said one source.

“There are currently no plans for Adnoc to share the ratings that have been awarded to companies.”

Hundreds of companies have either already registered a certified score or are in the process of registering a score, according to sources.

It is thought that as many as 12,000 companies could eventually be given an ICV rating.

The ICV system rates each contractor by how much it contributes to the UAE economy.

Under the system, if a company has a higher IVC score it increases its chances of winning Adnoc contract awards.

Adnoc introduced the programme in January this year to encourage the use of local goods, services and manufacturing, and to increase economic diversification and stimulate growth.

Key criteria are:

• How many UAE nationals are employed by the company?
• How much manufacturing the company does within the UAE?
• If a company uses local companies in its supply chain.

Earlier this month MEED reported that Adnoc is considering adjustments to the system after feedback from contractors.

Details of potential changes have not yet been released.