Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) plans to double its production capacity of petrochemicals by 2025, said company’s spokesman on the sideline of Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2016.
“The company’s current production capacity stands at 4.5 million tons annually and we work of boosting it to reach 11 tons annually after completing the scheduled expansion plan,” spokesman told Mubasher.
The company seeks to increase its production of Gasoline to 10.2 million annually, to maintain the self-sufficiency of UAE until 2030, he added.
ADNOC eyes creating trade ties with Korean, Chinese and Indian investors to inject fresh investments to UAE economy, noted official.
