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The UAE’s state-owned oil company has updated its maximum crude oil production capacity, increasing the figure from 4.65 million bpd to 4.85 million bpd. ....
The Ruwais project, which is currently fully owned by Adnoc, will have the capacity to export 9.6 million tons of LNG per year, more than doubling the UAE’s total output ....
According to “people familiar with the matter,” discussions didn’t progress farther than initial conversations. Along with political factors, ADNOC decided that the $110.3 billion company wouldn’t fit well into its strategy. ....