UAE Dubai discovers new oil fields will Cheng Di Bai revenue source

Xinhua Abu Dhabi, February 4 (Xinhua Anjiangsun) Emirates Dubai Sheikh Maktoum Maktoum 4th announced that Dubai found a promising new oil field.　　The Dubai government News office said in a statement on the same day that Dubai chief stressed that the newly discovered oil field will give the economy a strong impetus to become a new source of revenue, thereby promoting Dubai all-round development.　　The statement said that chief Dubai had tasked Dubai, the Secretary of Oil affairs, Sheikh Ahmed Ben Saidi Aller Maktoum directly responsible for the exploration of the new oil field, to determine the oil reserves and the economic benefits of the short time. It is reported that Dubai 1966 discovered the commercial mining value of the Fatah oil field, and exports of crude oil in 1969. In 1972, Dubai discovered the flushing oil field and exploited it, which began producing oil in June 1978. In 1973 and 1982, Dubai discovered the Rashid and Malgam oilfields. Data show that the DUBAI has proven crude oil reserves of 4 billion barrels, proven natural gas reserves of 1.4 trillion cubic meters.