In order to increase better use of fuel and reduce pollution, the Abu Dhabi government has decided that it will be converting its own vehicles and some of the taxis of region into compressed natural gas (CNG) driven. And the deadline it has set for it is next year.
They expect that after CNG is used, the cost of fuel goes down by 50 per cent.
It has been informed that UAE is going to lead the renewable energy production in the year 2011 as well. There have been indications of huge investments in the renewable energy projects and this is going to help the country to become the leader in this field.
In coming decades, Crude Producers will be recognized as the global leaders. It seems that expectation led Abu Dhabi to show an intention in increasing the production of onshore crude capacity which is expected to increase by 120,000 bpd in the upcoming year.
From the next week, there will be a rise in the cost of diesel in Dubai and the northern emirates. This is due to the fact that oil prices have closed at $100 (Dh367) a barrel and this has happened for the first time in two years. It will push the price of diesel up further.
A top official has revealed that the green energy organization, Irena is preparing to open an office in Bonn, Germany, next to spring.
Adnan Amin, the interim director general of the International Renewable Energy Agency has said yesterday that, the Bonn project comes as important role where countries are prepared to join the group's 150 members.
In an official study, it has been found out that the rush in fuel prices has been a key enduring term for national partnership in projects and other factors to block capital flow into the UAE. Yet there has been an increased and advanced infrastructure and low tax in UAE.
The first eco-friendly service station in the Middle-east has been launched by the Emirates National Oil Company (ENOC), a government-owned oil company in Dubai. The green service station has been opened in the Emirates Hills neighborhood in Dubai.