News 24 | Emirates announces the discovery of two billion barrels of crude oil

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The Supreme Petroleum Council in the United Arab Emirates announced new discoveries of unconventional oil resources that can be recovered in onshore areas.

He explained in a meeting today (Sunday) chaired by the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed, that the discovered quantities are estimated at 22 billion barrels of oil, in addition to an increase in conventional oil reserves by 2 billion barrels of oil in the Emirate of Abu Dhabi.

The conventional oil reserves of 2 billion barrels announced by the Council contribute to increasing the UAE’s reserves of conventional oil resources to 107 billion barrels of recoverable oil, which strengthens the country’s position in sixth place in the world in the list of countries with the highest oil reserves.

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