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ADNOC pledges 55 billion for new projects after UAE exits OPEC
International
Published on 4 May 2026
UAE leaves OPEC then ADNOC commits a massive spending spree
ADNOC has pledged $55 billion for new projects over the next two years, shortly after the UAE officially left OPEC. The announcement comes after decades of OPEC membership tied to Abu Dhabi’s role since 1967, highlighting how the UAE plans to reshape its energy strategy immediately following the cartel exit.
- ADNOC will invest $55 billion in new projects over two years
- The pledge follows the UAE’s official exit from OPEC
- UAE ties to OPEC stretch back to Abu Dhabi membership since 1967
- The move signals a shift in energy strategy after cartel departure
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times