The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.
Read More »UAE to Invest $5b in Oil Refinery Project in Pakistan
The United Arab Emirates (UAE) will invest $5 billion in an oil refinery project in Pakistan by the end of the year.
Read More »UAE Firms Attending Syria Trade Fair Despite US Threats
A score of Emirati companies are attending Damascus International Trade Fair. months after it reopened its embassy in the Syrian capital.
Read More »Adnoc Buys Stake in Global Oil Storage Operator
In February. Adnoc announced that it is building the world’s largest single underground project for oil storage.
Read More »Iran. UAE to Boost Coast Guard Cooperation in Persian Gulf
Iran is ready to sign non-aggression pacts with the Persian Gulf Arab states.
Read More »ADNOC Plans to Launch Own Regional Oil Benchmark
ADNOC is weighing the possibility of dropping restrictions on destinations for all its crude oil.
Read More »OPEC Nears Deal to Keep Output Curbs in Place
OPEC is currently scheduled to meet on June 25.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »S.Arabia. UAE Unable to Increase Oil Production
Enemies are waging a psychological war against Iran.
Read More »Oil Market will Balance by Year-End
The UAE can raise production to 3.5 million barrels per day. only if needed.
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