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Abu Dhabi's national oil company (ADNOC) plans to increase its oil production capacity to 5 million barrels a day by 2030, the Crown Prince of Abu Dhabi said in a succinct press release.
"We held the meeting of the Supreme Petroleum Council and approved investments of 486 billion dirhams ($ 132.33 billion) to support the growth and expansion projects of ADNOC over the five years. In the coming years, we have also adopted a comprehensive strategy to achieve self-sufficiency in gas, "said Sheikh Mohammed bin Zayed on his Twitter account.
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