Photo Credit: Popescu Victor Cristian via Flickr
Downtown Abu Dhabi

The UAE announced this week that it has discovered an additional 2 billion barrels of conventional oil, pushing its recoverable reserves up to 107 billion barrels. It also discovered 22 billion barrels of unconventional oil which will be more difficult to extract, according to a Bloomberg report.

Abu Dhabi is planning to invest $122 billion dollars in oil and natural gas over the next five years to boost production.


Share this article on WhatsApp:
Advertisement

SHARE
Previous articleYOUR FACTS OR MINE?
Next articleBiden’s Jewish Secretary of State Won’t Return Embassy to Tel Aviv
JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.