ADNOC Allocates $55 Billion for Energy Projects through 2028

Abu Dhabi National Oil Company (ADNOC) has confirmed the award of projects totaling $55 billion (AED 202 billion) scheduled for implementation through 2028. The capital expenditure program targets the expansion of the UAE’s energy infrastructure and production capacity to meet rising global demand. Infrastructure and Energy Expansion The multi-billion dollar investment covers integrated gas projects, chemical facilities, and maritime transport infrastructure. A significant portion of these contracts focuses on increasing gas self-sufficiency and expanding the UAE’s footprint in the global liquefied natural gas (LNG) market. By 2028, these projects are expected to contribute to the national objective of reaching a daily oil production capacity of five million barrels. The project pipeline includes major ventures such as the Ruwais LNG plant and the development of the Ghasha mega-project. These initiatives integrate advanced carbon capture technologies to lower emission intensity while increasing output across the hydrocarbon value chain. Economic Impact and Local Procurement A primary objective of the $55 billion allocation is the direct stimulation of the UAE economy through the…