Abu Dhabi National Oil Co. plans to increase its petrochemical-production capacity to 11.5 million tonnes/year (tpy) in 2025 from 4.5 million tpy at present while expanding its capacity to produce crude oil.
ADNOC Chief Executive Officer Sultan Ahmed Al Jaber told a chemical-industry conference in Dubai the company will integrate its refining and petrochemical businesses “and exploit the full portfolio of derivatives from naphtha.”
Al Jaber, who also is United Arab Emirates minister of state, said the petrochemical expansion is part of a new Abu Dhabi strategy for 2030 and 5-year business plan.
The emirate plans to increase production capacity by 400,000 b/d to 3.5 million b/d of crude oil by 2018.
Earlier this month, ADNOC said it will expand enhanced oil recovery and extended-reach drilling to “expedite the development of its hydrocarbon resources and enhance recovery from the large number of smaller and more-complex structures within its resource base.”
