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UAE targets gasoline self-sufficiency by 2014
- United Arab Emirates: Wednesday, April 24 - 2013 at 04:01
Abu Dhabi National Oil Co (Adnoc) has said the UAE is set to become self-sufficient in gasoline by the end of 2014, when its refining capacity will be boosted by the Ruwais plant expansion, Reuters has reported. "We're trying to increase our capacity to meet domestic demand. We used to be balanced in gasoline, but due to rising demand that changed again," the Adnoc official who declined to be named said on the sidelines of an energy conference. Heavy gasoline subsidies by the Opec member have propelled demand to more than five million tonnes, according to analyst and Adnoc estimates. The UAE produces around 2.7 million tonnes and relies on imports for the rest, the official added.
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