Good news for Dubai as another oil field will start production soon.
Al Jalila, the new oilfield named after the daughter of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will be the fifth producing fields in Dubai since oil was discovered in the 1960s.
Samuel Ciszuk, senior Mena energy analyst with IHS Energy, said yesterday that the overall importance of the field was unclear.
The UAE’s average sustainable crude oil production capacity is set to increase 12.5 per cent to 3.06 million barrels per day by 2014, according to estimates by the Paris-based International Energy Agency (IEA).
From: Gulf News