The Abu Dhabi National Oil Company (ADNOC) intends to spend $23 billion, or 50% more, on low-carbon energy projects.

The United Arab Emirates' state-owned oil producer, Abu Dhabi National Oil Company (ADNOC), is planning to increase its spending on low-carbon energy projects by over 50%, from $15 billion to $23 billion. The company aims to boost its domestic and international carbon management platforms as part of its efforts to support a just, orderly, and equitable energy transition.

January 22, 2024
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