United Arab Emirates or simply the Emirates are one of the most developed countries of Arabian Peninsula. This is a federation of 7separate Emirates which together form the United Arab Emirates. However, the country is much famous for its oil reserves. It has one of the largest oil reserves in the world. By the reports of a local magazine, the country is amongst the top seven oil reserve countries of the world. The country is said to have possessed as much as a hundred billion barrels of oil in its reserves which is much more than Kuwait’s total oil production. UAE is not much behind the other countries which produce more oil than UAE. The highest oil producing country in the world is Dubai. Dubai has more than four billion barrels of oil reserves which sum up to approximately fifteen percent of the total oil production in the world.
Thursday, 22 October 2015
Oil reserves in UAE
United Arab Emirates or simply the Emirates are one of the most developed countries of Arabian Peninsula. This is a federation of 7separate Emirates which together form the United Arab Emirates. However, the country is much famous for its oil reserves. It has one of the largest oil reserves in the world. By the reports of a local magazine, the country is amongst the top seven oil reserve countries of the world. The country is said to have possessed as much as a hundred billion barrels of oil in its reserves which is much more than Kuwait’s total oil production. UAE is not much behind the other countries which produce more oil than UAE. The highest oil producing country in the world is Dubai. Dubai has more than four billion barrels of oil reserves which sum up to approximately fifteen percent of the total oil production in the world.
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