The town of Ruwais is located around 240 km west of Abu Dhabi City and is poised to experience rapid growth as Abu Dhabi National Oil Company (ADNOC) plans to inject some Dh165bn ($44.9bn) into its downstream industry, an investment that represents more than 40% of the company’s capital expenditure budget. ADNOC is aiming to ultimately...
Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.
Abu Dhabi has one of the world’s largest and most developed hydrocarbons industries, benefitting from its substantial resources and openness to international investment. Building on decades of steady growth and development, the sector is undertaking a shift. The drive to diversify has resulted in higher levels of investment in both non-...
In April 2018 Sultan Al Jaber, UAE Minister of State and group CEO of Abu Dhabi National Oil Company (ADNOC), announced the launch of Abu Dhabi’s first competitive tender for partners to participate in the exploration and development of oil and gas.
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