News Articles

Abu Dhabi National Oil Company Announces $132 Billion CAPEX Program, Integrated Gas Strategy and an Increase in Oil... Abu Dhabi, United Arab Emirates -Monday 5 November 2018  

The Abu Dhabi National Oil Company’s (ADNOC) announced, today, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval from the Supreme Petroleum Council (SPC), the...

ADNOC and OCP Broaden Their Partnership and Intend to Develop a Global World-Class Fertilizers Joint Venture -Tuesday 15 May 2018  

The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco (OCP) have agreed to explore the phased creation of a new global fertilizers joint venture, in a move that will accelerate the execution of both ADNOC and OCP’s international strategies. The proposed joint venture will...

ADNOC Announces US $45 Billion Investment Plan to Become Leading Global Downstream Player -Sunday 13 May 2018  

The Abu Dhabi National Oil Company (ADNOC) today unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place today in Abu Dhabi, UAE. The...

Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities -Tuesday 10 April 2018  

Major onshore and offshore blocks across the emirate opened for new competitive bidding round Estimates suggest blocks contain substantial amounts of oil and gas Successful bidders will have the opportunity to explore, and then develop and produce discoveries with ADNOC Prospective...

ADNOC Signs Offshore Concessions with CNPC Strengthening Ties with World’s Number One Oil Importing Country -Wednesday 21 March 2018  

The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC) today. Under the terms of the agreements,...