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FINANCIAL NEWS
IEA says UAE’s oil production steady in April
27 May 2013
(MENAFN) The International Energy Agency (IEA) stated that the UAE’s oil production reached 2.70 million barrels per day (bpd) last month, the same as in March, reported Gulf News.
The Paris-based agency said that in the month, sustainable oil output capacity stood at 2.9 million bpd.
Furthermore, during the January-March period, the UAE’s average crude supply stood at 2.67 million bpd.
It is worth noting that over 90 percent of the UAE’s crude oil production comes from its capital, Abu Dhabi.
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