• Home
  • UAE’s ADNOC State-Run Oil Company Plans Overhaul
Reuters report said UAE’s state-run oil company is planning an overhaul of its trading operations by launching regional oil benchmarks and hiring the former employees of private-sector peers. The company also plans to start full in-house trading for refined oil products. UAE is OPEC’s third-largest oil producer and has plans to boost its oil production to 4 million bpd by 2020.

UAE’s ADNOC State-Run Oil Company Plans Overhaul

Reuters report said UAE’s state-run oil company is planning an overhaul of its trading operations by launching regional oil benchmarks and hiring the former employees of private-sector peers. The company also plans to start full in-house trading for refined oil products.

UAE is OPEC’s third-largest oil producer and has plans to boost its oil production to 4 million bpd by 2020.

Subscribe
Subscribe to Receive Latest Updates from GIF.