The Abu Dhabi National Oil Company (ADNOC) on Sunday pledged to spend $55 billion on new projects over the next two years, according to the UAE’s official Emirates News Agency, WAM.
In a statement, it said, “ADNOC is accelerating growth and delivery of its strategy with AED 200 billion ($55 billion) in new project awards for 2026-2028.”
ADNOC added that “the planned projects include exploration, production, refining and marketing operations, and mark a new phase in project implementation that will enhance the UAE’s manufacturing capabilities, strengthen its industrial resilience and deepen the impact of the company’s plans to increase spending and production in the country.” (EIR)
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