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FINANCIAL NEWS
Abu Dhabi to ship in 50pct of oil from overseas by 2018
19 Feb 2016
(MENAFN) A total of nearly 50 percent of Abu Dhabi’s oil production will come from offshore reserves by 2018, based on recent reports.
In accordance, this evident result is driven by the ongoing investments in production volume, as the field’s experts explained.
Advancing the oil sector is becoming critical as Abu Dhabi National Oil Company plans to invest USD25 billion in offshore oil projects.
The company’s investment is part of UAE’s strategy to boost its overall oil output size to 3.5 million bpd by 2018 from the present 2.8 million bpd.
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