Adnoc is updating its crude oil pricing approach by replacing the Murban futures-based reference with the Platts Dubai benchmark, marking a significant change in its valuation framework for exports.
Adnoc is updating its crude oil pricing approach by replacing the Murban futures-based reference with the Platts Dubai benchmark, marking a significant change in its valuation framework for exports.
Abu Dhabi’s Adnoc has unveiled a Dh22.6 billion funding plan for the Umm Shaif Gas Cap project, aimed at boosting gas production capacity, strengthening energy security, and supporting the UAE’s long-term industrial growth objectives.
UAE gas demand is projected to rise by 50% over the next five years, creating significant opportunities for new investments in energy infrastructure, production capacity, and long-term supply expansion.