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Abu Dhabi National Oil Company (Adnoc) has awarded a key offshore contract to a leading United Arab Emirates-based contracting player, as the Emirati operator continues to press ahead with crucial expansion projects.
Adnoc is spending billions of dollars on expanding its oil production capacity to 5 million barrels per day up from the existing 4 million bpd level. UAE’s NMDC has been awarded a $136 million contract by Adnoc for the construction of ‘Al Nouf’ artificial Island, the contractor said in a statement to the Abu Dhabi Stock Exchange.
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