How much oil is produced in dubai
Oil plays a far less prominent role in Dubai than it used to. From a peak of 410,000 barrels/day in 1991, production has fallen back to between 50,000 and 70,000 barrels/day, and now accounts for just four per cent of GDP. Reserves are likely to be exhausted within the next twenty years. With this in mind, Several thousand Jafza companies make up 20 percent of foreign investment in Dubai, and the estimated 144,000 employees are generating $80 billion in non-oil money. That’s 21 percent of the city’s Gross Domestic Product (GDP).