DUBAI, Nov 28 (Reuters) – Abu Dhabi’s ADNOC board has approved plans to advance oil production capacity expansion by five million barrels per day to 2027, the company announced in a statement Monday.
ADNOC’s gas processing and LNG businesses will be consolidated to create ADNOC Gas, and ADNOC will list a minority stake in the new company on ADX next year, the statement added.
Reporting by Maha El Dahan and Alaa Swilam; Written by Maha El Dahan; Editing by Jan Harvey
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