ADNOC Accelerates Its Investment Program

Abu Dhabi’s state oil company ADNOC announced an acceleration of its investment program. The company plans to award contracts worth about 55 billion dollars for projects between 2026 and 2028.

The decision reflects the company’s aim to capitalize on sustained global demand for oil, gas, and petrochemical products. In January 2026, ADNOC made a final investment decision on the SARB Deep Gas project within the Ghasha concession off the coast of Abu Dhabi, designed to develop deep sour gas resources.

The expanded investment program covers several areas, including production, refining, and petrochemicals. The company views these investments as part of a long term strategy to diversify the emirate’s economy and strengthen its position in the global energy market.