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Tuesday, November 25, 2025

Adnoc's $150bn five-year spend is 'big commitment' to support UAE gas ambitions

تم إعداد هذا المنشور من قبل فيجاي فاليتشا

Adnoc's $150bn five-year spend is 'big...

Vijay Valecha, November 25, 2025, The National

UAE state energy company Adnoc's plan for $150 billion in capital expenditure over the next five years is a “big commitment” and its focus on gas is a safe play for the short and long term, say analysts.

Adnoc on Monday said its board has approved the capex for the 2026-2030 period to maintain growth and operational processes.

Adnoc's spending trajectory is "considerably higher than that of most national oil firms outside the Gulf and roughly comparable to major international oil companies like ExxonMobil", said Vijay Valecha, chief investment officer at Century Financial.

Adnoc said the UAE’s conventional reserves base has increased from 113 billion stock tank barrels (stb) of oil to 120 billion stb and from 290 trillion standard cubic feet (tscf) of natural gas to 297 tscf. The UAE has the world’s sixth-largest oil reserves and the seventh-largest gas reserves.

The company's board, which held its annual meeting at the Habshan gas processing facility, also approved the establishment of Adnoc Ghasha, a new operating company for the Ghasha concession which includes the Hail, Ghasha, Dalma, SARB and Nasr fields.

Source

The National

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