the United Arab Emirates(UAE) is one of the world’s major oil-producing countries

the United Arab Emirates(UAE) is one of the world’s major oil-producing countries
the United Arab Emirates(UAE) is one of the world’s major oil-producing countries. A member of the Organization of the Petroleum Exporting Countries(OPEC) and of the Organization of Arab Petroleum Exporting Countries(OAPEC), the UAE has estimated recoverable oil reserves of around 97 billion barrels, of which the emirate of Abu Dhabi alone accounts for around 92 billion barrels In the early years of hydrocarbon exploration and production, Abu Dhabi’s oil industry was dominated by major international oil companies operating under concession agreements with the emirate, as was the case elsewhere in the Middle East region.

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