UAE’s ADNOC Awards Huge Contracts To Boost Gas Output At Critical Time ...Middle East

OILPRICE - Economy
UAE’s ADNOC Awards Huge Contracts To Boost Gas Output At Critical Time
source : OILPRICE ( Middle East ) () 30
The UAE’s state-owned Abu Dhabi National Oil Co. (ADNOC) has awarded $2 billion worth of drilling contracts to spur the development of the Hail and Ghasha sour gas project as part of its plans to help OPEC’s third-biggest producer achieve gas self-sufficiency, and after that to look to exporting the surplus. Becoming self-sufficient in gas part of its broader ‘Operation 300 Billion’ plan that intends to raise the contribution of the country’s industrial sector to AED300 billion (US$81 billion) from the current AED133…

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