UAE’s ADNOC says aiming to cut operating costs by 25%

      Published on Thursday, 5 November , 2015      212 Views     


UAE’s ADNOC says aiming to cut operating costs by 25%

Abu Dhabi National Oil Company (ADNOC) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25 percent is looking to take advantage of market conditions and bring down the operating cost of its projects by 25 percent, a top executive said on Wednesday.




“From ADNOC’s point of view, we are trying to bring down our operating expenditure by 25 percent,” Ali Khalifa Al Shamsi, ADNOC’s strategy and coordination director, said on the sidelines of a news conference ahead of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).



“We are making good progress towards it,” Shamsi said.

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Category Gulf Business | 2015/11/05 latest update at 4:32 PM
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