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DUBAI: The board of Abu Dhabi’s ADNOC endorsed plans on Monday to bring forward the company’s five million barrel per day oil production capacity expansion to 2027 from a previous target of 2030, to meet rising global energy demand, according to Reuters. The UAE’s hydrocarbon reserves increased by 2 billion stock tank barrels of mostly Murban-grade crude and 1 trillion
UAE President chairs Adnoc board of directors meeting; approves plan to bring forward the company’s five million barrels per day oil production capacity expansion to...
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
Abu Dhabi National Oil Company (Adnoc) and Siemens Energy have announced plans to pilot blockchain technology to certify the carbon intensity of a range of products.