(EnergyAsia, August 26) — The UAE invested over Dh29 billion in the oil sector between 2000 and 2004 while pursuing an economic diversification policy to reduce dependence on hydrocarbon earnings, according to a survey by the International Oil Fund. The UAE is committed to raising its crude oil production to 3.5 million barrels per…
UAE: Oil and gas remains important despite economic diversification policy
Posted on August 26, 2005 by EnergyAsia