The U.A.E.'s petroleum sector: production, organization, plans

Article Abstract:

The United Arab Emirate's (UAE) oil production is difficult to gauge since the separate emirates are secretive about production and reserves and hold responsibility for their own industries. Reserve estimates of 98 billion barrels of oil and 345 trillion cubic feet of natural gas mean that current production could be maintained for 77 years, and the UAE has consistently produced over its OPEC quota. The UAE's economy is almost entirely dependant on oil and efforts at diversification have been intermittent. Development, planning and reorganisation in Abu Dhabi, Dubai, Sharjah and Ras al-Khaimah are presented.

Forecasts and trends, Petroleum industry, United Arab Emirates

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Turkey's dynamic textile sector leads way to customs union

Article Abstract:

Turkish textile exporters expect a slowdown thanks to the government's strong lira policy but sales to the European Union should increase sharply when an anticipated customs union is completed. The sector's medium- and long-term prospects remain excellent, thanks to greater access to the US market for high-end goods, low labor costs, and excellent domestic cotton. Problems include unstable input prices and exchange rates, expensive financing, and low productivity. Exporters are investing heavily to improve production.

International aspects, International relations, Turkish foreign relations, Turkey, European Union, Textile industry, European Community

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