ADNOC to Invest $50B in Downstream Operations
Abu Dhabi National Oil Company (ADNOC) announced on May 13 plans to invest almost $50 billion over five years to develop its downstream business.
UAE | Egypt Oil & Gas - Part 27
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
Egypt, UAE Discuss Oil, Gas
Egyptian Prime Minister Sherif Ismail met with Emirati Minister of State, Sultan Jaber, who is also the director general of the Abu Dhabi National Oil Company (ADNOC).
Dubai Expands Solar Power Generation by 200MW
The first stage of the third phase of Mohammed bin Rashid Al Maktoum Solar Park has been completed, expanding the site’s capacity by 200MW.
ADNOC, Austrian OMV Close $1.5B Offshore Deal
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.
Iraq Awards Two Blocks to UAE’s Crescent Petroleum
Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum.
Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei
The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance.
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC's agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018.
UAE’s ADIA to Invest $2B in Egypt
The Abu Dhabi Investment Authority (ADIA) plans to invest $2 billion in Egypt’s oil, infrastructure and electricity sectors during the second half of 2018.
ADNOC Launches Bidding for 6 Oil and Gas Blocks
Abu Dhabi National Oil Company (ADNOC) announced on April 10 the launch the company's first ever competitive exploration and production tender for six oil and gas blocks.
