Abu Dhabi will invest Dh11 bln (US$3 bln) to expand the capacity of the Borouge petrochemicals facility to 2 million tpa.
Abu Dhabi, which has 98 billion barrels of proven crude oil reserves, has targeted an increase in its production capacity to 4 million bpd of oil, as well as raising its natural gas supplies through the development of sour gas reserves and optimisation of existing sweet gas production. Abu Dhabi has a natural advantage for downstream industries because of its hydrocarbon reserves and relatively low production costs.
Abu Dhabi, which has 98 billion barrels of proven crude oil reserves, has targeted an increase in its production capacity to 4 million bpd of oil, as well as raising its natural gas supplies through the development of sour gas reserves and optimisation of existing sweet gas production. Abu Dhabi has a natural advantage for downstream industries because of its hydrocarbon reserves and relatively low production costs.
