ADNOC to Boost Production Capacity

November 5, 2018

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

Harvey Gulf Eyes International Markets

Harvey Gulf Eyes International Markets

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

Turkey Expands Drillship Fleet

Turkey Expands Drillship Fleet

Subscribe for OE Digital E‑News

Offshore Engineer Magazine