Industry Forecast Scenario

September 2011
UAE Oil & Gas Report;Q3 2011, Issue 3, p33
Industry Profile
The article presents a forecast for the oil and gas industries in the United Arab Emirates for the third quarter of 2011. Proven oil reserves in the region are expected to decrease to 92.4 billion barrels (bbl) over the period to 2015. Oil supply and demand is estimated to be sustainable at 2.69 million barrels per day (mn b/d). Gas production is predicted to increase by at least 62 bcm by 2015. Forecasts for liquefied natural gas, oil products trade and other energy products are also given.


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