During the meeting, chaired by the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed. the Supreme Petroleum Council in Abu Dhabi revealed increases in oil and gas reserves in the Emirate of Abu Dhabi.
The UAE is the sixth-largest in the world in oil and gas reserves
Position as a global supplier of oil and gas
According to the UAE news agency “WAM”
Which contributed to the UAE’s progress from seventh to sixth globally in terms of global oil and gas reserves. And strengthen its position as a global supplier of oil and gas.
The council announced:
The addition of new hydrocarbon reserves estimated at 7 billion barrels of crude oil, 58 trillion standard cubic feet of conventional gas, with total reserves of 105 billion barrels of oil and 273 trillion cubic feet of conventional gas.
Development of hydrocarbon resources
The announcement also unearthed 160 trillion standard cubic feet of unconventional gas resources. The first of its kind in the region, marking the beginning of a new phase in the development of hydrocarbon resources.
Supreme Petroleum Council
Eventually, It is worth mentioning that the Supreme Petroleum Council is the highest authority overseeing the oil and gas sector in the Emirate of Abu Dhabi. The fields of the oil industry.