THE NEW ABU DHABI'S OIL: 7 BBL
GULF NEWS - November 04, 2019 - Abu Dhabi: The UAE's Supreme Petroleum Council on Monday announced a new pricing mechanism for ADNOC Murban crude, which will be listed on "an exchange," and also announced a major increases in Abu Dhabi's oil and gas reserves.
During the meeting held at ADNOC headquarters, the Council revealed the discovery of new hydrocarbon reserves estimated at 7 billion barrels of crude oil and 58 trillion standard cubic feet of conventional gas, putting the UAE in the sixth place in terms of global oil and gas reserves, with a total reserves of 105 billion barrels and 273 trillion cubic feet of conventional…
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