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UAE: Go-ahead for $3.5bn oil projects

Posted on 27 January 2009

From Thenational.ae: The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth US$3.5 billion (Dh12.85bn) for the expansion of three onshore fields.

The contracts to increase production at the Sahil, Asab and Shah (SAS) fields show that ADNOC is moving ahead with its long-term plans to lift capacity by 30 per cent, to 3.5 million barrels per day (bpd), despite a recent dip in global oil demand….. Full Article: Source


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