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How much oil does Dubai produces?


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2011-09-18 17:27:24
2011-09-18 17:27:24

Dubai started to export oil in 1969. The first export shipment of oil produced from the field Fateh was around 180 thousand barels.

Dubai has approximately 4 billion barrels of oil in reserve and holds the second place in terms of oil reserves in the UAE. Dubai Petroleum Co (DPC) is the main operator in the Emirate. Dubai's oil production peaked in 1991 at 410,000 b/d and has been steadily declining ever since.

Revenues from oil and natural gas currently account for less than 6% of the Emirate's revenues. It is estimated that Dubai produces 50,000 to 70,000 barrels (11,000 m3) of oil a day and substantial quantities of gas from offshore fields.

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