Oil reserves in the United Arab Emirates, according to its government, are about 98 billion barrels (15.6×109 m3), almost as big as Kuwait's claimed reserves. Of the emirates, Abu Dhabi has most of the oil with 92 billion barrels (14.6×109 m3) while Dubai has 4 billion barrels (640×106 m3) and Sharjah has 1.5 billion barrels (240×106 m3). Most of the oil is in the Zakum field which is the third largest in the Middle East with an estimated 66 billion barrels (10.5×109 m3). The UAE produces about 2.9 million barrels per day (460×103 m3/d) of total oil liquids, but has stated its intention to increase this to 5 million barrels per day (790×103 m3/d) by 2014. The UAE's reserves-to-production is about 93 years.
Famous quotes containing the words oil, reserves, united and/or arab:
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“...I want to see a film, they send the Israeli army reserves to escort me! What kind of life is this?”
—Golda Meir (1898–1978)
“Steal away and stay away.
Don’t join too many gangs. Join few if any.
Join the United States and join the family
But not much in between unless a college.”
—Robert Frost (1874–1963)
“As the Arab proverb says, “The dog barks and the caravan passes”. After having dropped this quotation, Mr. Norpois stopped to judge the effect it had on us. It was great; the proverb was known to us: it had been replaced that year among men of high worth by this other: “Whoever sows the wind reaps the storm”, which had needed some rest since it was not as indefatigable and hardy as, “Working for the King of Prussia”.”
—Marcel Proust (1871–1922)