Middle East Economic Survey
Abu Dhabi Capacity Expansion Schedule Slips By A Year
Abu Dhabi is likely to hit its crude oil production capacity goal of 3.5mn b/d up from about 2.85mn b/d in 2019, a year behind its stated target of 2018. Its final capacity increment to come on stream will come from two undeveloped offshore fields: the 100,000 b/d capacity Umm Lulu project and 60,000 b/d Nasr. State-owned Abu Dhabi National Oil Company (ADNOC) has...