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Adnoc approves $150B investment to boost oil/gas output, reserves, and international growth by 2030.
Abu Dhabi National Oil Company (Adnoc) has approved a $150 billion capital investment plan for 2026–2030 to expand oil and gas production, boost reserves to 120 billion barrels of oil and 297 trillion cubic feet of gas, and advance major projects like Ghasha and Hail.
The company established Adnoc Ghasha to operate the Ghasha sour gas project, targeting 1.8 billion cubic feet of gas daily by 2030.
Adnoc’s international arm, XRG, grew to a $151 billion enterprise value, securing LNG deals, investing in Mediterranean gas fields, and acquiring a near-$14 billion stake in Germany’s Covestro.
Domestically, Adnoc aims to raise oil output to 5 million barrels per day and increase in-country value contributions to $60 billion over five years, supporting UAE economic diversification.
Adnoc aprueba una inversión de $ 150B para impulsar la producción de petróleo / gas, reservas y crecimiento internacional para 2030.