Tag Archives: Abu Dhabi National Oil Co. (ADNOC)

Aramco is also expanding its refining investments in China.

The UAE pumped 3.175 million bpd in October and boosted further its output in November by 71.000 bpd to 3.246 million bpd.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.

The agreement is in line with recent trends towards locking in longer-term supply of products in Asia.

Saudi Arabia is the only producer with significant spare capacity of around two million bpd.

The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.

ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.

India is the world’s third-largest consumer of oil.

Baker Hughes is working across the region including in Saudi Arabia and Egypt’s supergiant Zohr gasfield in the Mediterranean.