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Hosted by the Abu Dhabi National Oil Company (Adnoc), the event concluded the opening day of Adipec 2015, one of the world's largest oil and gas events and a global meeting point for professionals in the energy sector.
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The main goal of Adnoc and Wintershall is to jointly develop customised solutions to meet the sub-surface challenges characteristic of local oil fields - high temperature and high salinity in the carbonate reservoirs of Abu Dhabi.
Investments have been cut by $200 billion this year and will drop another three per cent to eight per cent next year.
Ministers, chief executives of oil corporations discuss transforming energy landscape.
UAE Minister of Energy Suhail bin Mohammed Faraj Al Mazroui says it won't be solely the Opec that helps to raise prices.
The energy minister also said the UAE plans to increase its output to 3.5 million barrels.
The project has state-of-the-art oil terminal facilities with storage capacity of 140,000 cubic metres.
Jafza is hoping to attract more multinational oil and gas companies by participating in Adipec.
Event for energy professionals forecast to attract 85,000 visitors
The 100MW Sorang hydro power project started selling power to northern India from October 31, Taqa said in a statement.
