economy
Emirates repair damage: Largest gas plant operates at 60% capacity after Iran attacks
The ADNOC Gas plant in the United Arab Emirates will not return to full operational capacity until 2027, after Iranian attacks halted about 40% of the plant's production.
TL;DR
- ADNOC Gas plant in the UAE is operating at 60% capacity due to Iranian attacks.
- Approximately 40% of production was halted by the attacks.
- Full operational capacity is not expected to be restored until 2027.
- The company aims for 80% capacity by the end of this year and 100% next year.
- First quarter revenue was approximately $1.1 billion, an 8% decrease from the previous quarter.
- Iran's blockade of the Strait of Hormuz has caused oil price spikes and export disruptions.