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«ADNOC» On November 5, 2018, the UAE quoted Sunrise's portal and announced the discovery of major oil and gas.
ABU DHABI – The Abu Dhabi National Oil Company (ADNOC) announced major oil and gas discoveries on Monday and plans to increase production by 2020 to 4 million bpd with 20 million, 5 million bpd.
ADNOC's Abu Dhabi government's statement coincided with the launch of the second round of US economic sanctions in Iran.
The Abu Dhabi High Oil Council approved the integrated gas strategy of ADNOC, which will enable the UAE to become self-sufficient in the field of natural gas and then become a gas exporter.
Sheikh Mohammed bin Zayed, the Prince of Abu Dhabi, chaired the Council's meeting, which is responsible for managing the Emirate's oil policy and overseeing ADNOC.
In the meeting, new gas discoveries up to 15 trillion cubic meters and 1 billion barrels of oil were announced.
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Source: Shorouk Gate