Since April this year, the oil company Emirates ADNOC will increase oil production by more than 1 million barrels per day (b/d).
As the Wave passes, it said in a statement.
It is noted that the company will also increase production capacity to 5 million b/d.
“In accordance with our strategy, endorsed by the Supreme petroleum Council, we intend to supply the market with more than 4 million b/d in April. In addition, we are increasing our production capacity to 5 million b/d”, — underlined in the message.
In addition, the company in the next time declared a “clear and transparent prices” of oil to its buyers.
“The UAE has announced that it will increase in April oil production by 1 million b/d, from 3 to 4 million b/D. as far As I remember, they have a production capacity of 3.6 million b/d. Then connect the new wells, and the first months will be to sell stocks. The case when all want to participate in the massacre of the innocents”, — said in the Telegram to channel Ateo.
It should be noted that earlier an expert on the global economy of UAE nail al-Jawabra reported that oil prices near $30 per barrel or below will not be stored for a long time and will begin to rise in the second half of 2020.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128