UAE grants Adnoc gas cap rights

The United Arab Emirates grants Adnoc an concession to develop the gas cover in the Bab field, with the aim of increasing natural gas production to 1.5 billion cubic feet per day, which accounts for 15% of the company's operational capacity. This project is considered the largest of its kind in the world and enhances the UAE's position as a global hub for investment in the energy sector. It also aims to achieve self-sufficiency and support expansion of LNG exports.

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