THE NEW TIMES OF UAE
OGFJ wrote, as one of the world's top 10 oil and gas producers, the UAE enjoys one tenth of global reserves, but the new reality of USD 50 a barrel has not left the Gulf petro-state entirely unscathed. With a Federal Cabinet reshufﬂe and the appointment of a new CEO for the Abu Dhabi National Oil Company (ADNOC), who unveiled a plan outlining transformative reform, it is clear that the UAE is seizing the opportunity of the oil price crash to thoroughly revamp itself.
In February 2015, in response to the prospect of oil running out in the UAE…
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