ADNOC Establishes Debt Issuing Unit for Boosting Oil Production Capacity by 2030

The oil and gas giant of the United Arab Emirates, Abu Dhabi National Oil Corporation, has established a new debt issuing unit in order to assist in funding its projects, including the increase in oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2030.

The company released a statement on 25th January that said that the new entity, ADNOC Murban, aims to closely monitor the conditions of....