7 billion barrels of oil found in new Abu Dhabi reserves, UAE in sixth position in global oil reserves UAE announces new pricing mechanism for ADNOC Murban

Abu Dhabi: The UAE’s Supreme Petroleum Council on Monday announced a new pricing mechanism for ADNOC Murban crude, which will be listed on “an exchange,” and also announced a major increases in Abu Dhabi’s oil and gas reserves. During the meeting held at ADNOC headquarters, the Council revealed the discovery of new hydrocarbon reserves estimated

UAE’s Brooge Petroleum plans new refinery in Fujairah

UAE-based terminal operator Brooge Petroleum and Gas Investment Company plans to build a 250,000 barrel-per-day refinery in Fujairah to produce bunker fuel. The emirate is one of the world’s largest bunkering hubs with bunker fuel used to power vessels docking at the Port of Fujairah. The first phase of the refinery is planned to be complete

ADNOC Signs Landmark Strategic Partnership Agreements with Eni and OMV in Refining and Trading

Abu Dhabi, UAE – January 27, 2019: The Abu Dhabi National Oil Company (ADNOC) signed, today, two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners. The signing of the agreements was witnessed by His Highness Sheikh

ADNOC’s Al Dhafra Petroleum Joint Venture Celebrates First Oil Production from Haliba Field

Abu Dhabi, UAE – July 2, 2019: Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from Abu Dhabi’s Haliba field and discovered potential resources in

UAE entities sign deal to build largest desalination plant in the northern emirates

The Federal Electricity and Water Authority (FEWA) and a consortium consisting of ACWA Power and MDC Power Holding Company, an entity fully owned by Mubadala Investment, has entered into a water purchase agreement for a desalination plant in Umm Al Quwain. The 150 million gallon per day desalination plant will utilise seawater reverse osmosis technology,