Abu Dhabi, July 21, 2026 (AFP) - UAE to invest $6.2 bn in Abu Dhabi gas project

NAMPA / AFP

2026-07-21

The United Arab Emirates' state oil giant ADNOC is to invest $6.2 billion in an Abu Dhabi natural gas development project, the firm announced on Tuesday. In a statement, ADNOC said it took the $6.2 billion final investment decision to develop the offshore Umm Shaif Gas Cap with France's TotalEnergies, Italy's Eni and China National Petroleum Corporation. The investment is expected to produce more than 600 million standard cubic feet of gas per da......

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