UAE President chairs Adnoc board of directors meeting; approves plan to bring forward the company’s five million barrels per day oil production capacity expansion to.
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
Adnoc, Intercontinental Exchange (ICE) and partners in ICE Futures Abu Dhabi (IFAD) yesterday (March 29) celebrated the first anniversary of trading of the Murban Futures Contract on the IFAD commodities exchange.