UAE announces major new oil, gas discoveries

The UAE pumps about 3 million barrels of oil per day (bpd) and produces 10.5 billion cubic feet of raw natural gas, ADNOC said. ABU DHABI – The United Arab Emirates, a leading OPEC producer, announced “significant” oil and gas discoveries and introduced a new pricing mechanism for Abu Dhabi flagship Murban crude. The UAE’s […]

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