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UAE exports of refined petroleum products to grow
- United Arab Emirates: Monday, September 07 - 2009 at 10:22
US-based PFC Energy has said that slow demand and increasing production will help the UAE raise exports of refined petroleum products by 26% in 2010, Emirates Business has reported. The country and Abu Dhabi in particular, which is exporting more jet fuel and to a lesser extent fuel oil, has benefited from stagnant diesel consumption, which now stands flat year-on-year, the energy research firm said. 'While the emirate's tight balance forced a near-complete halt of exports in 2008, this year's sales has seen a relative bounty which have so far averaged 12,000 barrels per day in seven months to July,' the report said.
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StaffMonday, September 07 - 2009 at 10:22 UAE local time (GMT+4)
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