Oil reserves in the United Arab Emirates

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[1]Oil reserves in the United Arab Emirates, according to its goveRnment, are about 98.63 billion barrels (15.681×10^9 m3), almost as big as Kuwait's claimed reserves. Of the emirates, Abu Dhabi has most of the oil with 92 billion barrels (14.6×10^9 m3) while Dubai has 4 billion barrels (640×10^6 m3) and Sharjah has 1.5 billion barrels (240×10^6 m3). Most of the oil is in the Zakum field which is the third largest in the Middle East with an estimated 66 billion barrels (10.5×10^9 m3). The UAE produces about 2.9 million barrels per day (460×10^3 m3/d) of total oil liquids, but has stated its intention to increase this to 5 million barrels per day (790×10^3 m3/d) by 2014. The UAE's reserves-to-production is about 18 years.[2]

References[edit]

  1. ^ Cite error: The named reference undefined was invoked but never defined (see the help page).
  2. ^ "United Arab Emirates Oil industry". Country Analysis Briefs. https://www.thenational.ae/business/money/the-end-of-an-incredible-oil-powered-era-1.303765. 2014. Archived from the original on 2014-01-18. Retrieved 2014-01-18.  External link in |publisher= (help)

Coordinates: 24°58′29″N 53°40′47″E / 24.97472°N 53.67972°E / 24.97472; 53.67972

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