Overview
- ADNOC said the five-year spending will support upstream capacity, expand natural gas output, and accelerate downstream and chemicals growth.
- The board created ADNOC Ghasha to run the Ghasha concession, which is slated to deliver 1.8 bscfd of gas plus 150,000 bpd of oil and condensates, with Hail and Ghasha construction advancing.
- The UAE’s proven reserves rose to 120 billion barrels of oil and 297 tscf of gas, and ADNOC reported more than 1.2 billion boe of new discoveries.
- The In-Country Value program has returned $83.7 billion since 2018, delivered $17.7 billion in 2025, and targets $60 billion into the UAE economy from 2026 to 2030, alongside $21.8 billion in local manufacturing offtake agreements.
- All Phase 1 projects at the TA’ZIZ chemicals ecosystem are underway to produce 4.7 mtpa, lifting total chemicals capacity to 11 mtpa by 2028, as ADNOC pursues a goal to be the most AI-enabled energy company.