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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
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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