gas
This follows the July 2024 Al-Nokhatha field discovery, with reserves of 3.2 billion barrels
Investment is part of the ADNOC Gas $15 billion CAPEX plan through 2029
New facilities will likely boost ADNOC Gas’ current processing capacity by 20 percent
The Group posted revenues of $11.3 billion, reflecting a 6 percent increase from the same period in 2023
The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa
Agreement encompasses the offtake of 0.4 million metric tons per annum of LNG from Oman LNG for four years starting in 2026
Current public revenues reached OMR2.2 billion, down from OMR2.334 billion during the same period in 2023
Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel
The Omani government, along with many state-owned enterprises (SOEs), is continuing to deleverage its balance sheet
COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth
Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event
The non-oil sector is expected to grow by 4.6 percent year-on-year in 2024
