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UAE Speeds Up $20 Billion Natural Gas Projects

The Abu Dhabi National Oil Company (ADNOC) is set to imminently award engineering and construction contracts for a major offshore natural gas field to increase gas production and exports, sources familiar with the plans told Bloomberg on Wednesday. ADNOC, which pumps nearly all the oil in the United Arab Emirates (UAE), is focusing not only on boosting crude oil production capacity, but also on increasing natural gas output to make OPEC’s third-largest producer self-sufficient in gas this decade.

According to Bloomberg’s sources, ADNOC…

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