A Bright Future for UAE Oil and Gas Industry
The United Arab Emirates (UAE) plans to increase its oil output to four million barrels per day by the year 2020, and to add another one million over this level by the year 2030, thus reaching five million barrels per day. Abu Dhabi’s Supreme Petroleum Council (SPC) revealed the details of this plan November 4.
Moreover, the SPC approved the Abu Dhabi National Oil Company (ADNOC) plan to add potential resources that will enable the country to achieve enough natural gas supplies to cover its domestic needs.
Anwar Altaqi – Esam Aziz