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Oil reserves in the United Arab Emirates, according to its government, are about 107 billion barrels, almost as big as Kuwait's claimed reserves. [1] Of the emirates, the Emirate of Abu Dhabi has most of the oil with 92 billion barrels (14.6 × 10 ^ 9 m 3) while the Emirate of Dubai has 4 billion barrels (640 × 10 ^ 6 m 3) and the Emirate of Sharjah has 1.5 billion barrels (240 × 10 ^ 6 m 3 ...
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Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to
A map of world oil reserves according to U.S. EIA, 2017. In June 2010 UAE had 6th top global proved oil reserves, about 100 billion barrels, behind Saudi Arabia, Venezuela, Iran, Iraq and Kuwait. The crude oil production of UAE was more than 4 and less than 5 million barrels daily. [1]
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The United Arab Emirates is situated in the Middle East and West Asia, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia; it is at a strategic location along the northern approaches to the Strait of Hormuz, a vital transit point for world crude oil. [2]
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