Dubai ruler announces new oil discovery
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai on Thursday announced a new oil discovery in the Emirate, stressing that the discovery will contribute to strengthen the local economy.
"In addition to other positive impacts that will give a strong impetus to all sectors of the local economy and provide a new source of income enhancing the comprehensive development of Dubai," Al Maktoum said in a statement, cited by WAM news agency.
This came during the meeting held between Al Maktoum with a number of sheikhs, Ministers and a group of dignitaries that took place just before the Cabinet meeting. He announced the good news congratulating UAE citizens with this oil discovery. He also stated that this field is located east of "Rashid" field.
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Better Place
in 2011 the end of the oil-age will begin. An American-Israeli-Japanese-French consortium will introduce the all new Fluence ZE in Europe and the Nissan Leaf in the USA with swappable batteries, whuich means unlimited range to an electric car that will not require oil whatsoever. Fifty percent of oil is burned for transportation, and all thatn capacity is be made redundant
its high time for Arabs to consider Oil a thing of the past and move on.
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