Abu Dhabi National Oil Company (ADNOC) has announced plans to invest $55 billion in new energy projects between 2026 and 2028, shortly after the United Arab Emirates officially withdrew from the Organization of the Petroleum Exporting Countries.
The company said the investment will support upstream and downstream oil and gas projects, expand manufacturing capacity, and strengthen industrial resilience. The UAE aims to raise its oil production capacity to 5 million barrels per day by 2027.
The UAE’s exit from OPEC allows the country greater flexibility in setting its own production levels after decades of operating under OPEC quota restrictions.
The decision comes amid heightened regional tensions and disruptions to global energy exports linked to the conflict involving Iran and the Strait of Hormuz.
