Four international consortia are competing for a major EPC contract worth up to $8 billion to implement the Bab Gas Cap gas project in Abu Dhabi. The project involves developing new fields and constructing a plant, which will strengthen the UAE’s gas independence by 2030.
As a result of a strike by an Iranian drone on the Fujairah oil refining area, a major fire broke out and three people were injured. The incident affected oil exports from the UAE and worsened supply disruptions.
The state oil company Adnoc has announced plans to invest $55 billion in projects aimed at increasing oil production and developing the gas sector in the UAE from 2026 to 2028. These initiatives are designed to expand production capacity and strengthen the country's position in the global energy market following its exit from OPEC.