Oil
reserves in the United Arab Emirates,
according to its government, are about 98 billion barrels (15.6×109 m3), almost
as big as Kuwait's
claimed reserves. Of the emirates, Abu Dhabi has most of the oil with 92
billion barrels (14.6×109 m3) while Dubai has 4 billion barrels (640×106 m3)
and Sharjah has 1.5 billion barrels (240×106 m3). Most of the oil is in the
Zakum field which is the third largest in the Middle East
with an estimated 66 billion barrels (10.5×109 m3). The UAE produces about 2.9
million barrels per day (460×103 m3/d) of total oil liquids, but has stated its
intention to increase this to 5 million barrels per day (790×103 m3/d) by 2014.
The UAE's reserves-to-production is about 93 years.