UAE sets oil and gas targets higher with $37bn in energy projects - The National:
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The UAE Oil & Gas Greenfields Projects conference starts tomorrow in Abu Dhabi as the Emirates undertakes the highest value oil and gas projects in the Arabian Gulf.
The UAE is set to grapple with technological challenges, deadlines and expensive gas projects amid continued costly energy subsidies. The Emirates currently has US$37.45 billion worth of oil and gas projects under execution out of a total Gulf figure of $89.95bn, based on data from Meed Projects, as it undertakes huge projects to boost both oil and gas production.
The UAE ranks third in the Gulf, with $28.36bn of as-yet unawarded oil and gas projects, according to Meed Projects."
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| Of the 5.2 billion cubic feet of gas sold in the UAE this year, about 37 per cent will be from imports through the Dolphin gas project in Qatar, above. The Government plans about $25bn worth of investment in domestic gas production. Courtesy Total |
The UAE is set to grapple with technological challenges, deadlines and expensive gas projects amid continued costly energy subsidies. The Emirates currently has US$37.45 billion worth of oil and gas projects under execution out of a total Gulf figure of $89.95bn, based on data from Meed Projects, as it undertakes huge projects to boost both oil and gas production.
The UAE ranks third in the Gulf, with $28.36bn of as-yet unawarded oil and gas projects, according to Meed Projects."
'via Blog this'
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