Abu Dhabi National Oil Company & Kuwait

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company plans to significantly increase its oil output by 2027 and pledged to spend $55 billion on new projects, accelerating its growth strategy following the United Arab Emirates' exit from OPEC.

Kuwait: Kuwait participated in the OPEC online meeting and is affected by the Strait of Hormuz blockade.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company (ADNOC) plans to award 200 billion dirhams ($55 billion) in projects for 2026-2028, reinforcing its five-year capital expenditure plan to meet growing global energy demand, aligning with the United Arab Emirates' strategy to boost output.

Kuwait: Kuwait, as an OPEC Gulf producer, has suffered export losses due to the Strait of Hormuz closure, highlighting the regional impact of the Iran war on oil shipments.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company was directed by Mohamed bin Zayed Al Nahyan to fast-track the West-East Pipeline project, aiming to increase its oil export capacity and operational flexibility.

Kuwait: Kuwait is almost wholly reliant on the Strait of Hormuz for oil shipments, highlighting its vulnerability to the strait's closure.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company made inquiries for very large crude carriers, suggesting a potential increase in crude oil exports from the Middle East.

Kuwait: Kuwait, a Gulf country, reported incoming Iranian missile barrages and activated air defenses, reflecting the ongoing security concerns in the region.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company is a joint venture partner in the Borouge petrochemicals plant, which had its production halted due to attacks.