As it ramps up its oil and gas investment, Adnoc wins a significant contract for the enormous Bab oilfield

According to the company, the project is another step toward increasing Abu Dhabi's oil production capacity to 5 million barrels per day by 2030. Abu Dhabi National Oil Company (Adnoc) has awarded a $227 million contract to RobtStone of the United Arab Emirates for work on a key enhanced oil recovery project at its Bab onshore oilfield.

The state-owned corporation verified the news on social media on Monday, stating that the priz....