ADNOC Plans Major Investment to Propel Future Growth
- The Abu Dhabi National Oil Company plans to award $55 billion in new projects from 2026 to 2028 to accelerate its growth strategy and deliver its five-year capital expenditure plan.
- These projects aim to boost local manufacturing capacity and industrial resilience by enhancing upstream and downstream operations and supporting the 'Make it in the Emirates' initiative.
23 Articles
23 Articles
Frustrated that they could not produce as much as they wished, the Emirates had left Opep and now planned to expand their activities to be able to extract 5 million barrels of oil per day.
The national oil company Abu Dhabi Adnok (Adnoc) has given them 55 million dollars for a new project at the naredne dve godine.
Observador
Correio da ManhãThe national oil company of Abu Dhabi announces a new phase of execution of upstream and downstream projects, in a context of war and blockade of the Strait of Ormuz.
Times of India
UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statement
The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the United Arab Emirates' officially left the OPEC oil cartel. The UAE has been an OPEC member through the emirate of Abu Dhabi since 1967, four years before the former British protectorate became an independent country.
ADNOC to award AED 200 billion in new projects through 2028
Abu Dhabi: ADNOC on Sunday confirmed it is accelerating the growth and delivery of its strategy with AED 200 billion ($55 billion) in new project awards scheduled for 2026–2028. The planned awards reinforce the delivery of ADNOC’s five-year capital expenditure (CAPEX) plan approved by its Board of Directors last year and will usher in a new phase of world-scale project execution across its value chain to meet growing global energy demand.The ann…
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