New oil fields discovered in the UAE

The UAE's Supreme Petroleum Council (SPC) has announced new unconventional crude oil fields in the emirate of Abu Dhabi, Angi reports.

According to preliminary estimates, we are talking about a basin with a volume of 22 billion barrels.

The SPC announced this during an online meeting led by Abu Dhabi Crown Prince Mohamed bin Zayed Al Nahyan and vice chairman of the council.

Earlier it was reported that two new oil and gas fields were discovered in Saudi Arabia.

Tags: oil, oil production, drilling, volumes, well, field, oil market

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