ADNOC to Boost Production Capacity

Published

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO (Photo: ADNOC)
Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO (Photo: ADNOC)

Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.

Abu Dhabi's "Supreme Petroleum Council approved AED 486 billion ($132.33 billion) in capex to support ADNOC's 5-year growth plans, including its gas strategy to become self-sufficient and a net gas exporter," Sheikh Mohammed Bin Zayed also said in his tweet.


($1 = 3.6726 UAE dirham)

(Reporting by Maher Chmaytelli; Editing by Catherine Evans)

Current News

Skyborn Reaches Financial Close on Gennaker Offshore Wind Farm

Skyborn Reaches Financial Clos

Ørsted Gets Favorable Tax Opinion on Two UK Wind Farms

Ørsted Gets Favorable Tax Opin

GONDAN Launches Its Largest-Ever Vessel Built for Østensjø Rederi

GONDAN Launches Its Largest-Ev

IEA Sees Bigger Oil Supply Gap as Gulf Recovery Slips into 2027

IEA Sees Bigger Oil Supply Gap

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine