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"We wish to convey our sincere thanks to your organization which has been professionally handling our biz since 2003. We would like to take this opportunity to thank everyone of your staff members who supported and helped us during the hard times and gave us workable solutions and ideas to reach our business objectives. Al Rana Equipment & Machinery Trading Eng. Bassam Nowfat - Managing Director"

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THE UAE NOW HAS SIXTH LARGEST OIL AND GAS RESERVES IN THE WORLD
11/5/2019 12:00:00 AM

Abu Dhabi's Supreme Petroleum Council announced significant growth in oil and gas reserves, as well as unconventional gas discoveries.

The council noted a 7bn stock tank barrels (stb) increase in oil, 58trn standard cubic feet (scf) increase in conventional gas reserves, and announced the discovery of 160tscf of unconventional gas.

The nation's total reserves are 105bstb of recoverable oil and 273tscf of conventional gas. With this announcement, the UAE now has the sixth largest reserves of oil and gas globally, up from its previous position at seventh place.

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