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FINANCIAL NEWS
Half of Abu Dhabi’s oil to arrive from abroad by 2018
25 Sep 2015
(MENAFN) A total of nearly 50 percent of Abu Dhabi’s oil production will come from offshore reserves by 2018.
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.
More News
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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