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UAE oil revenues increase by $1.4 billion
United Arab Emirates, Economics, 12/11/1997
Financial sources in Abu Dhabi expected that the UAE's oil revenues will increase by about $1.4 billion next year due to an increase in its quota which was ratified during the recent meeting of the Organization of Petroleum Exporting Countries.
The UAE's quota increased from 2.161 million barrels per day to 2.366 barrels per day, an increase of 205 thousand barrels a day. Sources added that this increase in the production quota of the UAE will bring about $1.4 billion if oil prices remain stable.
Previous Stories:
40% of UAE bank employees to be nationals
(12/3/1997)
Emirates: new stock market in the beginning of the next year
(11/20/1997)
UAE delegation in Baghdad
(11/4/1997)
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