No. 41



UAE Oil Minister Gives Oil/Gas Reserve Estimates

The UAE's proven reserves of crude oil are currently estimated at some 100bn barrelsand those of natural gas at 6 trillion cubic meters, according to the UAE Minister ofPetroleum and Mineral Resources, Mr. Ubaid bin Saif al-Nasiri. In an interview with theEmirates New Agency (WAM), Mr. Nasiri said that the current reserve figures compare with90bn barrels of oil and 5 trillion cu. ms. of gas in the 1980s and 33bn...