UAE to add 650,000bpd in two years

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The UAE is pressing ahead with mega projects to add nearly 650,000 barrels per day (bpd) to its sustainable crude production capacity within two years to maintain its position as one of the world's

Dubai commits Dh72 billion for utility projects

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Dubai has committed the amount of Dh72 billion to fund its utility projects which have been implemented during 2008 or are still under construction to meet future demand.

Abu Dhabi favours low equity in oil investments

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Abu Dhabi said yesterday it remains committed to long-term projects in its overseas oil investments but would favour low equity in the targeted ventures.

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