Leading Sectors for Us Exports and Investment

By Federal Trade Commission

Book Id: WPLBN0000666596
Format Type: PDF eBook
File Size: 465.95 KB.
Reproduction Date: 2005

Title:	Leading Sectors for Us Exports and Investment
Author:	Federal Trade Commission
Volume:
Language:	English
Subject:	Trade, Import and export controls, Export controls--United States
Collections:	Export and Trade Collection
Historic Publication Date:
Publisher:	Federal Trade Commissionn (FTC)


Citation APA MLA Chicago Commission, F. T. (n.d.). Leading Sectors for Us Exports and Investment. Retrieved from https://self.gutenberg.org/

Description
Export and Trade Government Reference Document:

Excerpt
Excerpt: Oil has formed the backbone of the UAE economy and will continue to play a significant role, as there is an estimated 100 years of production left to be extracted. Central Bank data indicate the UAE's continued reliance on crude oil exports, despite high profile efforts to diversify the economy. UAE oil production capacity is currently at 2.3 million barrels per day (mb/d). It should rise to 3.0 mb/d by 2006. Abu Dhabi Company for Onshore Operations (ADCO) plans to lift production to 1.45 mb/d, Abu Dhabi Marine Operating Company (Adma-Opco) to 600,000 barrels per day (b/d) and Zakum Development Company (Zadco) to 650,000 b/d over the next three to five years. As part of the effort to improve and sustain output, the state-run Abu Dhabi National Oil Company (ADNOC) has tendered the privatization of a 28 percent stake in the off-shore ZADCO. ExxonMobil, ChevronTexaco, Shell, BP, and TotalFinaElf are participating in this contest, with an outcome expected towards the end of 2003.





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