Strong oil prices allied with higher crude output to boost Abu Dhabi’s hydrocarbon income by nearly Dh82 billion in 2010 but the earnings remained far below the record income achieved in 2008, according to government data.
From around Dh196.6 billion in 2009, the value of the emirate’s exports of oil, gas and petroleum products soared to nearly Dh278.6bn in 2010, showed the figures published in Abu Dhabi’s yearbook released this week.
The 2010 income was one of the highest revenue levels in the emirate’s history but remained far below the record high earnings of Dh415.8bn achieved in 2008 as a result of higher production and a surge in crude prices to their highest ever average of around $95 a barrel.
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