UAE

World Oil, June, 2005 by A.F. Alhajji

The emirates are working to increase productive capacity 28%, to reach 3.2 million bopd by the end of 2006. ExxonMobil, in partnership with Abu Dhabi National Oil Co. (ADNOC), is upgrading Upper Zakhum field to raise its capacity by 200,000 bopd by 2008 and another 450,000 bopd by 2010. Once upgrades are finished, the field will produce 1.2 million bopd. Other capacity-boosting projects include Bu Hassa field (from 200,000 bopd now to 730,000 bopd in 2006), Bab field (from 100,000 bopd to 300,000 bopd) and Asab field (by 30,000 bopd, to reach 310,000 bopd by 2006).

a-alhajii@onu.edu

Dr. A. F. Alhajji is an associate professor of economics in the College of Business Administration at Ohio Northern University in Ada, Ohio. At Ohio Northern, he now holds the George W. Patton Chair of Economics, specializing in international and energy economics. Previously, he was an award-winning, visiting professor of economics at Colorado School of Mines. He is a regular contributor to this column.