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Adnoc, USD1bn a year for gas
- United Arab Emirates: Sunday, March 27 - 2005 at 08:12
The Abu Dhabi National Oil Company is to invest around USD1bn a year until 2007 in gas infrastructure, said its 2000-4 report published yesterday. The report also pledged to raise oil production capacity to 3m bpd by 2006. It said proven UAE oil reserves stand at 98bn barrels or 10 per cent of global reserves.
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Peter J. CooperSunday, March 27 - 2005 at 08:12 UAE local time (GMT+4)
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