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

[The SC]

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

 

[Abu Dhabi]

Al hamdulelah. inshallah our dear rulers continue giving and building for the next 50 years.

 

[Wilhelm II]

Al hamdulelah. inshallah our dear rulers continue giving and building for the next 50 years.

And that mean we have enough money to change our economy and support it in hard times

 

[Battlion25]

Al hamdulelah. inshallah our dear rulers continue giving and building for the next 50 years.

50 years? that is so long termish policy but nonetheless better then nothing

 

[Abu Dhabi]

50 years? that is so long termish policy but nonetheless better then nothing

there are of course visions that are sooner than 50 years from now. The big picture vision is 50 years from now , then you have the 2030 vision ...etc

 

[Indos]

Good for Indonesia, now UAE will not likely to hesitate to realize their promise to Indonesia to invest around 44.8 billion USD ....

Indonesia Secures US$44.6 Billion Investment Commitments from UAE

Indonesia has managed to secure US$44.6 billion investment commitments from the United Arab Emirates (UAE)

en.tempo.co

 

[Foinikas]

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]

Good for Indonesia, now UAE will not likely to hesitate to realize their promise to Indonesia to invest around 44.8 billion USD ....

Indonesia Secures US$44.6 Billion Investment Commitments from UAE

Indonesia has managed to secure US$44.6 billion investment commitments from the United Arab Emirates (UAE)

en.tempo.co

44.8 Billion USD? and in what sectors would they invest in? investing so much is little bit over the top

 

[Indos]

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