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Adnoc Awards $55 Billion in Projects as Part of Growth Plan Following UAE's OPEC Exit
Adnoc has revealed plans to speed up its growth strategy, including 200 billion dirham in project awards across upstream and downstream operations. This move comes shortly after the country's departure from OPEC on May 1. The awards total $55 billion.
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Adnoc announced plans to accelerate a growth plan that includes 200 billion dirham in project awards, equivalent to $55 billion, spanning upstream and downstream operations. The announcement follows the country's exit from OPEC on May 1, as @business reported. Adnoc stated that the growth plan involves these substantial project awards to boost operations in both upstream and downstream sectors.
The 200 billion dirham figure translates to $55 billion, highlighting the scale of the planned investments post-OPEC departure.
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