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Saudi Arabia is the only producer with significant spare capacity of around two million bpd.
Read More »UAE Increase Oil and Gas Production as Iran Sanctions Hit
UAE Plans to Increase Oil Production
The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.
Read More »UAE to Introduce New Crude Blend
ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.
Read More »Abu Dhabi Invites Indian Companies to Expand Investment in It`s Downstream Sector
India is the world’s third-largest consumer of oil.
Read More »Baker Hughes to Pay $550 Million for 5 Percent Stake in Adnoc
Baker Hughes is working across the region including in Saudi Arabia and Egypt’s supergiant Zohr gasfield in the Mediterranean.
Read More »UAE. Iran`s Rival may be Cracking Down on Trade
The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.
Read More »Saudi. UAE Turning OPEC into Tool for US
Iran told OPEC last month that no member country should be allowed to take over another member'.s share of oil exports.
Read More »UAE. Russia to Develop Siberian Oil Fields
Oil produced from the fields reached 33.000 barrels per day in 2017.
Read More »Artificial Intelligence Lab will Help UAE Track Solar Power. Pollution
The lab will use AI technology to identify concentrated solar energy locations as well as monitor and analyze levels of air pollutants in the country.
Read More »Oil Producers Cut July Output by 9 Percent more than Agreed
The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.
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