Abu Dhabi's Ta'ziz raises $1.39bn for two Ruwais projects

· Energy · United Arab Emirates

Abu Dhabi's Ta'ziz raised $1.39 billion for two projects in Ruwais, according to The National. Separately, Borouge International raised its 2030 annual target on rising UAE ethane production. The two developments reflect the UAE's push to expand its petrochemicals and downstream energy capacity. Ta'ziz is a joint venture of ADNOC and holding company ADQ.

Why it matters：Gulf producers are investing heavily in petrochemicals to diversify beyond crude, a trend that shapes global plastics and chemicals supply.

Key points

  • Ta'ziz raised $1.39 billion for two Ruwais projects
  • Borouge raised its 2030 annual target
  • Ta'ziz is an ADNOC-ADQ joint venture

Sources (original reporting)

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