The official selling price of Abu Dhabi crude oil grades from January 2008 to June 2008 has averaged $108.32 per barrel, an increase of 73.6% compared to the same period in 2007.
The news source reported that the United Arab Emirates’s (UAE) oil reserves are estimated to last another 92 years at current production levels and that the country’s sustainable crude output capacity could increase by 9.1% to 3.11 million barrels per day (bpd) by 2013. Oil is being produced at only 18 of the 67 known fields in the UAE.
