What's new

A "significant increase" in the UAE's oil and gas reserves

The SC

ELITE MEMBER
Feb 13, 2012
23,868
19
25,866
Country
Canada
Location
Canada
direct_1574066722.jpg


The Abu Dhabi National Oil Company (ADNOC) announced today a significant increase in the UAE’s reserves of hydrocarbon resources, including four billion barrels of oil and 16 trillion standard cubic feet of natural gas, bringing the reserves to 111 billion barrels of oil equivalent and 289 trillion standard cubic feet of gas. It strengthens the country's position in the sixth place globally in the list of countries with the highest oil reserves and seventh in the list of countries with the largest gas reserves.

https://middleeast.in-24.com/News/458189.html
 

Foinikas

SENIOR MEMBER
Aug 2, 2021
2,251
2
1,706
Country
Greece
Location
Greece
direct_1574066722.jpg


The Abu Dhabi National Oil Company (ADNOC) announced today a significant increase in the UAE’s reserves of hydrocarbon resources, including four billion barrels of oil and 16 trillion standard cubic feet of natural gas, bringing the reserves to 111 billion barrels of oil equivalent and 289 trillion standard cubic feet of gas. It strengthens the country's position in the sixth place globally in the list of countries with the highest oil reserves and seventh in the list of countries with the largest gas reserves.

https://middleeast.in-24.com/News/458189.html
That's A LOT of money :o
 

Titanium100

BANNED
Mar 1, 2019
6,093
-9
5,141
Country
Denmark
Location
Denmark

Indos

PDF THINK TANK: ANALYST
Jul 25, 2013
14,826
22
18,262
Country
Indonesia
Location
Indonesia
44.8 Billion USD? and in what sectors would they invest in? investing so much is little bit over the top

Various investment and some will be put into Indonesia sovereign wealth fund. Investment for Indonesia SOE defense holding is also included. Many investment will be in a form of JV between UAE SOE and Indonesia SOE. Pertamina for instant has JV project with UAE company in refinery
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom