Skip to content Skip to Search
Skip navigation

UAE seeks to ramp up oil production capacity by 2025

By Pramod Kumar
Oilfield, Airplane, Transportation ADNOC
ADNOC is aiming to produce five million barrels a day by 2025.

The United Arab Emirates (UAE) is planning to increase its crude output capacity, Bloomberg reported, citing people familiar with the matter.

State-owned Abu Dhabi National Oil Co. (ADNOC) is seeking to produce five million barrels a day by 2025, aiming to achieve the target before the previously-set deadline of 2030.

Initially, ADNOC and the UAE government were planning to meet the objective by 2027 before deciding on 2025, the news agency said.

The UAE is pushing to sell more oil and natural gas while prices remain high.

Oil rose to $120 barrel following Russia’s invasion of Ukraine.

Meanwhile, ADNOC has told international oilfield partners to raise their long-term production levels by 10 percent or more.

The company may try to ramp up its capacity further to six million barrels daily by the end of the decade if the UAE succeeds in meeting its 2025 goal, the sources said.

Latest articles

Women working at a textiles factory in Izmir; Turkish manufacturing has been hit by rising costs and interest rates but economic growth is still anticipated

Turkish manufacturers waver on economic prospects

Turkey’s manufacturers are uncertain about the national economy’s prospects, with a report showing a slowing of new orders and an easing of output partly being offset by stronger inventory increases and expectations of a modest release from inflationary pressures.  The latest survey of Turkish manufacturers, conducted by Istanbul Chamber of Commerce and ratings agency Standard […]

A residential complex in Dubai after last month's flooding. 'Backlogs of work increased considerably in April,' said S&P

Flooding dents UAE business confidence but optimism remains

Business and consumer confidence in the UAE was hamstrung by last month’s heavy rain and flooding, leading to the slowest increase in orders since February 2023, according to a business sentiment survey published on Friday. Private business activity in the non-oil sector still showed significant growth in April amid a “robust” economic landscape and the […]

Two to three cruise ships arrive in Bahrain every other Monday, carrying between 8,000 and 10,000 passengers

Bahrain port operator hopes to double cruise passenger arrivals

The operator of Bahrain’s biggest port has held discussions with international tour operators to try to double the number of cruise passengers visiting the kingdom next season. Khalifa Bin Salman Port is operated by APM Terminals Bahrain. It welcomed more than 116,000 cruise passengers in the last six-month season, which ran from October to March, […]

Occupancy levels in Dubai's commercial and industrial segment reached an all-time high of 91% in the first quarter of 2024

Profit up 15% at Dubai’s free zone operator Tecom

Tecom Group, the Dubai-based operator of business parks and free zones, said earnings rose 15 percent year on year in the first quarter of 2024, driven by high demand for office and industrial space. Net profit reached AED293 million ($80 million) in the quarter ended March 2024, compared to AED255 million a year ago. Revenue increased […]