Abu Dhabi Sets 5 Million b/d Output Target by 2030

摘要

Abu Dhabi National Oil Co. (Adnoc) has set an ambitious new oil production capacity target, committing to add some 1.5 million barrels per day by 2030, at a time when concerns over long-term supplies have been building after years of underinvestment in the industry. Under the surprise plan, approved by Abu Dhabi's Supreme Petroleum Council (SPC), the emirate's top oil and gas decision-making body, Adnoc will boost crude output capacity to 4 million b/d by 2020 and to 5 million b/d by 2030, the state giant said Sunday. The 2030 target would potentially make Abu Dhabi the third-largest Opec producer after Saudi Arabia and Iraq, which aims to reach 6.5 million b/d by 2022.