Production

Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027

Company said UAE’s reserves this year have risen by 2 billion barrels of oil and 1 Tcf of natural gas

Capex plans: Adnoc group chief executive Sultan Ahmed Al Jaber.
Capex plans: Adnoc group chief executive Sultan Ahmed Al Jaber.Photo: AFP/SCANPIX
  • Nishant Ugal
New Delhi
ADNOCAbu DhabiUnited Arab EmiratesMiddle EastPersian Gulf
Published 29 November 2022, 06:19Updated 29 November 2022, 13:33