US EditionADNOC Approves Sweeping $150 Billion Investment Plan
The $150 billion investment targets upstream capacity, gas output, and downstream growth with a goal to add $60 billion to UAE economy through ADNOC’s In-Country Value program by 2030.
- On Monday, Abu Dhabi National Oil Company board approved Dh551 billion for 2026–2030 at the annual meeting chaired by Sheikh Mohamed bin Zayed Al Nahyan at the Habshan complex.
- To expand capacity and self‑sufficiency, ADNOC will deploy $150 billion across upstream maintenance, expanded gas output, accelerate downstream and chemicals growth, and create ADNOC Ghasha for the Ghasha concession.
- ADNOC expects the Ghasha sour gas concession to deliver 1.8 billion standard cubic feet per day of gas and 150,000 barrels per day of oil and condensates.
- ADNOC says the plan will channel Dh220 billion into the UAE economy via its In‑Country Value programme, reporting Dh307 billion returned since 2018 and reserve increases to 120 billion barrels of oil and 297 trillion scf of gas.
- The plan underscores ADNOC's market outlook by signaling confidence in long‑term oil and gas demand while securing UAE energy supply and building industrial capacity, with XRG exploring an Argentina LNG project this month.
11 Articles
11 Articles
On the Ground at Habshan, UAE President Reviews ADNOC’s Strategic Agenda
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors at the Habshan complex in Abu Dhabi, a strategic hub for the company’s onshore operations which includes one of the world’s largest gas processing facilities. The meeting was held in the operations control room operated by ADNOC Gas, which supplies 60 percent of the UAE’s natural gas requirements to support the energy …
ADNOC Approves Sweeping $150 Billion Investment Plan
ADNOC has unveiled a sweeping $150 billion investment plan for 2026–2030, marking one of the largest investment cycles in its history and reinforcing the UAE’s long-term commitment to oil, gas, and industrial expansion. The announcement, approved at the board meeting chaired by Sheikh Mohamed bin Zayed Al Nahyan, coincided with increases in the UAE’s hydrocarbon reserves and marks a further pivot to downstream and international expansion. Over f…
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