The UAE's emirate of Abu Dhabi has formed a new board of directors for Abu Dhabi National Oil Co. as the country's biggest energy producer embarks on spending $122 billion through 2025 on projects, including an oil output capacity boost by 2030. Sheikh Khalifa bin Zayed, the UAE president and Abu Dhabi ruler, issued a resolution to form the new board of ADNOC, which is chaired by crown prince Mohamed Bin Zayed, the Abu Dhabi government's media office said Feb. 28 on Twitter. The 10-member ADNOC board includes energy minister Suhail al-Mazrouei and ADNOC CEO Sultan al-Jaber, the media office said. Jaber was also ... (full story)