Jeff Randall

Abu Dhabi Notebook

With oil trading at more than $100 a barrel, Abu Dhabi holds a jackpot-winning ticket in the lottery of life.

issue 26 March 2011

With oil trading at more than $100 a barrel, Abu Dhabi holds a jackpot-winning ticket in the lottery of life. The emirate sits on reserves of nearly 100 billion barrels, about 9 per cent of the world’s proven supply. At today’s pumped-up price, its subterranean treasure is worth at least $10 trillion.

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