The UAE has invested $70bn to raise its production capacity to 3.5mn b/d from the current 3mn b/d and will not be derailed by falling oil prices, senior officials told oil executives at the three-day Adipec exhibition and conference in Abu Dhabi held from 10 to 13 November.
With oil expansion plans now completed, the UAE is shifting its attention to exploiting its sour gas reserves with the first project, the Shah sour gas development, now in the commissioning phase. (CONTINUED - 3362 WORDS)
