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FINANCIAL NEWS
Abu Dhabi aims to increase its oil output
25 Jul 2013
(MENAFN) Abu Dhabi intends to increase its oil production to 3.5 million barrels a day before 2018, reported Saudi Gazeete.
Abu Dhabi National Oil Co. (ADNOC) produces 1.5 million barrels a day in its land fields.
Mohammed Sahoo Al Suwaidi, head of the gas directorate at Adnoc said that Abu Dhabi is now in the midst of a USD40 billion project to expand oil as well as natural gas production and further expand petrochemical and refining facilities.
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