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WEEKLY NEWSLETTER
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United Arab Emirates
Index
Ras al Khaymah has limited oil and gas reserves, which
were
initially exploited in the early 1980s. By 1986 production
was
about 10,000 bpd, with most of the revenues plowed back
into
exploration and development. In that year, the amirate had
completed pipelines from its offshore As Sila field to the
mainland and had established separation and stabilization
facilities, storage facilities capable of holding 500,000
barrels, and a 1,000-bpd LPG plant. By 1991 production had
plummeted to 800 bpd.
Exploration and drilling in Ajman, Umm al Qaywayn, and
Al
Fujayrah have not yielded significant finds. Some of this
activity has been funded by the federal government.
Data as of January 1993
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