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Abu Dhabi to invest $20bn
- United Arab Emirates: Thursday, November 08 - 2007 at 06:47
Abu Dhabi plans to invest more than $20bn to bolster the emirate's oil and natural gas output, reported Gulf News. Fardan Hassan Al Fardan, chairman of Al Rayan Investment said the proposed investment will be made under Abu Dhabi's Strategic Plan 2030. The emirate plans to increase its production from 2.6 million barrels per day to around 3.5 million barrels per day from 2009 and 2011.
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Jeff Florian, Senior ReporterThursday, November 08 - 2007 at 06:47 UAE local time (GMT+4)
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