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

Adnoc began a wide-ranging shake-up in 2016 to tackle competition from new producers such as US shale firms.

The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.

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.