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

Agreement aims to increase production capacity from the Bu Haseer field from 8.000 bpd too 16.000 bpd.

Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.

The agreement extends to sea areas around all ports owned and managed by Abu Dhabi Ports.

ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.

The UAE'.s state oil producer and energy ministry pledged to help OPEC and allies meet any market shortages this year.

For more than 45 years. ADNOC has been entrusted with Abu Dhabi’s oil and gas resources.

Nasser said oil demand is rising by 1.5 million to 1.7 million barrels a day and will be ``healthy`` next year.

UAE supplies a small quantity of oil to India.

Aramco is looking at ``all options`` to enter fuel retailing through partnerships with Indian oil companies.

The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.