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UAE oil giant ADNOC pledges $55 billion in new projects by 2028

Middle East News

03-05-2026 | 06:50

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UAE oil giant ADNOC pledges $55 billion in new projects by 2028

The Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the UAE officially left the OPEC oil cartel.

"ADNOC today confirmed it is accelerating growth and delivery of its strategy with AED 200 billion ($55 billion) in new project awards for 2026-2028," read a statement released by the company.

AFP

Middle East News

United Arab Emirates

Abu Dhabi

UAE

OPEC

ADNOC

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