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In the statement released by the SPC and the official UAE agency WAM, it was stated that the new unconventional oil field of about 22 billion barrels is larger in terms of resources than some of the main oil fields in Abu Dhabi.
No information was provided in the declaration about the region where the reserve was discovered.
According to data from the Organization of Petroleum Exporting Countries (OPEC), the UAE ranks 6th among the countries in the world in terms of oil reserves.
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