16 March 2026
16 March 2026
Both the Brent Crude and WTI crude benchmarks have surged more than 40% this month, their highest levels since 2022.
The company's onshore production in the UAE, around 210,000bpd, is currently unaffected by the ongoing Middle East conflict.
The CP2 project is set to have a peak production capacity of 29mtpa.
The new production facility, capable of producing 25,000bpd, began operations on 28 February 2026.
The FEED stage is scheduled for completion by December 2026.
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