Abu Dhabi stresses $20b oil plan
Gulf news - Dubai, United Arab Emirates
Abu Dhabi: The Abu Dhabi Government has reiterated its plans to invest as much as $20 billion (Dh74 billion) by 2010 to increase its crude output capacity by 30 per cent to 3.5 million barrels per day (bpd). ...Estimates by McKinsey & Company show that Abu Dhabi is likely to accumulate an investible surplus of $800 billion by 2020 due to massive inflows of oil revenues. They say that of the $2 trillion investible surplus flowing to the six Gulf countries, $800 billion will come to Abu Dhabi. This is based on an estimated.
Abu Dhabi plans 30% hike in oil output
Economic Times, India
DUBAI: Abu Dhabi, the largest sheikhdom in the United Arab Emirates and owner of the world's fifth-biggest oil reserves, will spend $20 billion to raise crude production by 30% in the next two years.
UAE's Taqa to invest $1.45 bln to boost NSea output
Reuters - Aug 6, 2008
DUBAI, Aug 7 (Reuters) - Abu Dhabi National Energy Co TAQA.AD plans to invest 750 million pounds ($1.46 billion) sterling over three years to boost oil output from North Sea operations, the company's chief executive said on Thursday.
Gulf news - Dubai, United Arab Emirates
Abu Dhabi: The Abu Dhabi Government has reiterated its plans to invest as much as $20 billion (Dh74 billion) by 2010 to increase its crude output capacity by 30 per cent to 3.5 million barrels per day (bpd). ...Estimates by McKinsey & Company show that Abu Dhabi is likely to accumulate an investible surplus of $800 billion by 2020 due to massive inflows of oil revenues. They say that of the $2 trillion investible surplus flowing to the six Gulf countries, $800 billion will come to Abu Dhabi. This is based on an estimated.
Abu Dhabi plans 30% hike in oil output
Economic Times, India
DUBAI: Abu Dhabi, the largest sheikhdom in the United Arab Emirates and owner of the world's fifth-biggest oil reserves, will spend $20 billion to raise crude production by 30% in the next two years.
UAE's Taqa to invest $1.45 bln to boost NSea output
Reuters - Aug 6, 2008
DUBAI, Aug 7 (Reuters) - Abu Dhabi National Energy Co TAQA.AD plans to invest 750 million pounds ($1.46 billion) sterling over three years to boost oil output from North Sea operations, the company's chief executive said on Thursday.
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