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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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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