The Abu Dhabi National Oil Company will for the first time start trading futures contracts of its flagship Murban crude oil next year on an international exchange, as part of a radical overhaul that is intended to maximize revenue from the emirate’s main natural resource. Abu Dhabi’s Supreme Petroleum Council on Monday approved a decision […]
While Abu Dhabi, the largest and wealthiest emirate, still has abundant oil and natural gas – the UAE has the seventh largest oil reserves in the world – other emirates have all but run out of oil and have therefore been trying to diversify their economies. Abu Dhabi has joined this effort, investing heavily in […]