Dubai-The UAE emirate of Abu Dhabi plans to spend more than $50 billion by 2013 to boost oil and gas production, a senior official at Zakum Development Company (ZADCO) was quoted October 20 as saying. ZADCO is a subsidiary of state-owned Abu Dhabi National Oil Company, or ADNOC. "Abu Dhabi has not halted any of the oil and gas projects announced over the past few years despite the international financial crisis," ZADCO project manager Salah al-Bufalah was quoted as saying by the Emirates 24/7 newspaper on its web site.
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