The Abu Dhabi National Oil Company (ADNOC) confirmed today that it currently has an oil production capacity of around 3.3 million bpd, and remains on track to increase its production capacity to 3.5 million bpd by the end of 2018.
The oil and gas industry stands on the threshold of an historic step change in the demand for its products, driven by growth in every major market, according to His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.