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ADNOC hit the 4.5 million b/d benchmark of oil production, more than half of which is attributable to offshore fields. This is part of the UAE’s effort to reach 5 million b/d capacity by 2027. The increased capacity cements the United Arab Emirates (UAE) position as the third largest Opec producer after Saudi Arabia and Iraq and will give it increased influence in future quota discussions within the Opec-plus alliance.

Adnoc Closes In on 4.5 Million b/d Output Capacity

ADNOC hit the 4.5 million b/d benchmark of oil production, more than half of which is attributable to offshore fields. This is part of the UAE’s effort to reach 5 million b/d capacity by 2027. The increased capacity cements the United Arab Emirates (UAE) position as the third largest Opec producer after Saudi Arabia and Iraq and will give it increased influence in future quota discussions within the Opec-plus alliance.

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