ADNOC $150bn capex marks a major capital investment plan from 2026 to 2030. The Abu Dhabi National Oil Company (ADNOC) approved a $150 billion capital expenditure aimed at expanding its oil and gas production, increasing gas output, and growing its downstream and chemicals businesses. This investment supports ADNOC’s efforts to meet rising global energy demand through advanced technology and sustainable operations.
Boosting Hydrocarbon Reserves and Production
As part of this capex, ADNOC will develop key projects like the Ghasha Concession, which will add 1.8 billion standard cubic feet of gas per day and 150,000 barrels per day of oil and condensates. ADNOC’s reserves have also grown, with oil reserves rising by 7 billion barrels to 120 billion stock tank barrels, and gas reserves increasing by 7 trillion standard cubic feet to 297 trillion standard cubic feet. These numbers reinforce ADNOC’s strong asset base to support long-term production.
Investment in Local Economy and Sustainability
ADNOC plans to invest $60 billion into the UAE economy through its In-Country Value (ICV) program, emphasizing local industrial growth by securing manufacturing agreements valued at $24.5 billion by 2030. This approach fosters private sector job creation and strengthens industrial capabilities within the UAE. The company is simultaneously focused on sustainable development by integrating advanced analytics, artificial intelligence, and low-carbon initiatives to minimize environmental impact.
Future Energy Leadership Focus
ADNOC’s investment strategy of $60 billion into the UAE economy reflects its ambition to be a global energy leader driven by AI and technology. By expanding capacity and enhancing efficiency with smart technologies, ADNOC positions itself to maintain resilience amid evolving energy markets while supporting the UAE’s national growth goals. The $150 billion capex forms the backbone of ADNOC’s integrated upstream and downstream growth plan to secure energy supplies for the future.
This $150 billion investment by ADNOC underlines the company’s commitment to expanding production, supporting domestic economic growth, and leading energy innovation globally from 2026 through 2030, reinforcing the UAE’s strategic energy position
