UAE oil company ADNOC has announced the discovery of new oil and gas resources, with an eye on full self-sufficiency as US sanctions on Iran go into effect. State-run ADNOC, based in the oil-rich capital Abu Dhabi, said Sunday it had discovered new gas fields, totalling 15 trillion standard cubic feet, and another billion barrels of oil. The company also announced plans to boost output to four million barrels per day by 2020 and five million bpd by 2030 -- a plan UAE officials said was aimed at making the country entirely self-sufficient.
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