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Oil revenues on a high
- United Arab Emirates: Wednesday, December 28 - 2005 at 09:52
The UAE will post oil export revenues of at least $39bn in 2005, which will go above $42.7bn in 2006, according to a report by the US Energy Information Authority cited in Emirates Today. Saudi Arabia is expected to earn $150.1bn in 2005, and $154.3bn next year. Record high oil prices this year are mainly a result of strong global demand, particularly in China and the US.
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James McInerney, News EditorWednesday, December 28 - 2005 at 09:52 UAE local time (GMT+4)
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This article was updated on Fri Nov 17 2006.
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