Obverse. Image Courtesy of Professional Coin Grading Service (PCGS.com)
  • 50 Dirhams 2003, KM# 70, United Arab Emirates, Zayed, Oil Industry in the UAE, 40th Anniversary of Abu Dhabi's First Onshore Crude Oil Shipment
  • 50 Dirhams 2003, KM# 70, United Arab Emirates, Zayed, Oil Industry in the UAE, 40th Anniversary of Abu Dhabi's First Onshore Crude Oil Shipment
Description

The Abu Dhabi Company for Onshore Petroleum Operations Ltd. (ADCO) is a limited liability company established to explore, develop, and operate oil and gas fields in Abu Dhabi, the capital of the UAE, on behalf of its shareholders. The first commercial oil discovery in the onshore concession was at the Bab field in 1960, with crude oil shipments commencing from the Jebel Dhanna Terminal on December 14, 1963. The 50th anniversary of this milestone was celebrated on December 14, 2013. Soon after, on January 10, 2014, ADCO marked the completion of 75 years of the original oil Concession Agreement with foreign shareholders. ADCO continues to support the development and success of Abu Dhabi and the UAE, adhering to the visionary policies of the Rulers, which focus on the prudent use of wealth and ensuring prosperity for future generations.

Sheikh Zayed bin Sultan Al Nahyan (1918–2004) was an Emirati leader, credited with founding the United Arab Emirates. He governed the Eastern Region before becoming Abu Dhabi's ruler in 1966 and later the UAE's first president until his passing in 2004. Revered as the "Father of the Nation," he played a pivotal role in uniting the seven emirates. Zayed succeeded his brother as Abu Dhabi's ruler after a peaceful coup in 1966.

Obverse

Depicts a portrait of Sheikh Zayed bin Sultan al-Nahyan facing right, wearing a traditional cloak and headpiece, denomination below portrait enclosed by inscriptions in Arabic "His Highness Sheikh Zayed bin Sultan Al Nahyan" above and "President of the United Arab Emirates" below.

The traditional men's headwear in some Middle Eastern areas consists of three components: a knitted skull-cap known as the "keffiyeh," (also referred to as a ghutrah, shemagh, or ḥaṭṭah) a large cotton headscarf, typically plain white or with a red-and-white checkered pattern, called the "ghutra," and a black cord named the "agal," which secures the ghutra in place.

صاحب السمو الشيخ زايد بن سلطان آل نهيان
٥٠ درهماً
رئيس دولة الامارات العربية المتحد

Reverse

Depicts the logo of ADCO in the center (onshore platform with name in Arabic and English below) by inscriptions of the event in Arabic and English.

An oil platform (an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas in rock formations beneath the seabed.

الذكرى الأربعون لتصدير أول شحنة نفط خام بري ٢٠٠٣
ادكو
ADCO
Fortieth Anniversary of 1st Onshore Crude Oil Shipment 2003

Edge

50 Dirhams

Oil Industry in the UAE
40th Anniversary of Abu Dhabi's First Onshore Crude Oil Shipment

Subscribe series
KM# 70
Characteristics
Type Commemorative Issue (Non-circulating)
Material Silver
Fineness 0.925
Weight 40 g
Diameter 40 mm
Thickness -
Shape round
Alignment Medal
Mint
Royal Mint

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