No 33



Sharjah Denies Major OilDiscovery On Fujairah Border

TheSharjah Petroleum Council, in a letter on 9 August to the daily al-Khaleej, a copy of which was sent to MEES, said there was no truth whatsoeverin local media reports of a major oil discovery straddling the emirates borderwith Fujairah. UAE newspapers on 7 August spoke of a new oilfield withpotential reserves of 12.5bn barrels being discovered by Metco Inc of the US,adding that the company, which would be...