Dubai and Abu Dhabi sign gas reservoir agreement

  • Date: 03-Feb-2020
  • Source: Arab News
  • Sector:Oil & Gas
  • Country:UAE
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Dubai and Abu Dhabi sign gas reservoir agreement

The Jebel Ali Project will help the UAE to reach their goal of gas self-sufficiency. DUBAI: Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (Dusup) on Monday signed an agreement to develop a gas field with a reservoir of 80 trillion standard cubic feet (tscf), UAE state news agency WAM has reported.. It was a unique find as the well contains high quality organic gas under a relatively shallow area.. The Ruler of Dubai Mohammed bin Rashid Al-Maktoum and Abu Dhabi's Crown Prince Mohammed bin Zayed Al-Nahyan witnessed the signing of the agreement.. DUBAI: Kitopi, a shared kitchen platform for online food delivery, has raised $60 million in a new round of financing led by Knollwood Investment Advisory and Lumia Capital to expand its services, the company said on Monday.. Kitopi, which is headquartered in Dubai and New York, operates 30 kitchens across the United States, United Arab Emirates, Saudi Arabia, United Kingdom and Kuwait.. The company plans to add 50 locations in the US and 100 globally by the end of 2020, it said in a statement..