Energy companies in the Arab countries in the Persian Gulf may resume issuing more debt and borrowing more money for expansion plans after oil prices plunged by 40 percent from Continue Reading
Abu Dhabi National Oil Company (ADNOC), one of the largest producers within OPEC, is undergoing a dramatic transformation. ADNOC’s CEO has made several statements suggesting that the NOC is set Continue Reading
Abu Dhabi intends to boost its oil production capacity to 4 million b/d by the end of 2020 and to 5 million b/d by 2030 under plans approved Sunday by Continue Reading
The higher oil prices and the subsequent higher oil revenues play a part in a significantly improved outlook for the state finances and trade balances of the Arab Gulf countries, Continue Reading
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign as early as this month a preliminary deal to invest in oil and Continue Reading
On a recent warm evening in the Dubai desert, government ministers and business leaders gathered to mark a major milestone in solar power, one of worldwide significance. A new phase Continue Reading
The Abu Dhabi National Oil Co. outlines a five-year plan to build up its refinery capacity. More than $45 billion in investments over the next five years could position the Continue Reading
The state-owned oil company in Abu Dhabi said it opened its first bidding round to gain access to billions of barrels of oil and trillions of cubic feet in gas. Continue Reading
Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 percent stake in its fuel distribution unit, potentially raising up to $2.8 billion. Continue Reading
Abu Dhabi said on Tuesday that it would increase the capacity of its giant Upper Zakum offshore oil field, one of the world’s largest, to 1 million barrels per day Continue Reading
