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Oil In UAE  
User currently offlineUnited Airline From Hong Kong, joined Jan 2001, 9160 posts, RR: 15
Posted (7 years 8 months 3 weeks 6 days 18 hours ago) and read 1497 times:

From what I heard only Abu Dhabi and Dubai have oil (Abu Dhabi has more) and other Emirates have no oil. Can anyone confirm that?

3 replies: All unread, jump to last
 
User currently offlineStrasserB From Singapore, joined Nov 2005, 1541 posts, RR: 7
Reply 1, posted (7 years 8 months 3 weeks 6 days 18 hours ago) and read 1492 times:

http://www.government.ae/gov/en/biz/industry/oil.jsp


Still, even in the most arid desert is an airport somewhere ...
User currently offlineQANTAS077 From Australia, joined Jan 2004, 5850 posts, RR: 40
Reply 2, posted (7 years 8 months 3 weeks 6 days 16 hours ago) and read 1462 times:

Dubai sources only around 10% of it's income from oil...pretty sure they only pump around 160,000 barrels per day, that's not expected to last any longer then 2 decades.

abu dhabi is a different matter altogether.



a true friend is someone who sees the pain in your eyes, while everyone else believes the smile on your face.
User currently offlineAirxLiban From Lebanon, joined Oct 2003, 4507 posts, RR: 53
Reply 3, posted (7 years 8 months 3 weeks 6 days 7 hours ago) and read 1443 times:

Something like 85% of the oil in the UAE under the control of Abu Dhabi. The lion's share of the rest is in Dubai, but as QFF said, oil is nearly as major a source of income for Dubai as it used to be.

In fact, Dubai petrol retailers have to buy gasoline at international market prices from Abu Dhabi and sell it at a huge loss (the UAE national petrol price, something like 6.5 Dirham a gallon, which is about $1.8). Though I think Abu Dhabi is beginning to subsidize this a little bit.

At $1.80 a gallon petrol is quite expensive here compared to other countries in the region.



PARIS, FRANCE...THE BEIRUT OF EUROPE.
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