Business Energy Features

UAE: $25 billion investment to reach 3.5m bpd by 2017-2018  

Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields.  The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]