NEWS
Abu Dhabi - September 09, 2020
Abu Dhabi’s ADNOC Onshore has awarded two EPC contracts worth USD 245 million to replace two main oil lines and upgrade receiving facilities at the Jebel Dhanna…
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Abu Dhabi Overview
in figures
UAE oil reserves105 billion barrels
UAE oil production3.99 million bopd
UAE gas reserves5.9 tcm
UAE gas production62.5 bcm
Abu Dhabi: Reform and New Partnerships
Abu Dhabi, the largest of the seven emirates, holds total proven reserves of 92.2 billion barrels of oil, making the UAE among the top 10 nations by reserves size. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all of its oil and gas production, which stand at close to 4 million bopd and 277.5 mcm (9.8 bcf) per day.
Oil and gas has been the UAE’s economic axis, representing 40% of its GDP over the last decade. Yet the country is pushing to diversify its economy, building a strong manufacturing sector where metal processing (i.e. aluminium) and chemicals (i.e. fertilisers) have been important areas of growth. This is part of the UAE’s “Vision 2030,” which aims to reinforce non-oil sectors. However, oil still represents around 30% of the country’s exports.
The Energy Year Abu Dhabi 2021 is currently in production, and will provide comprehensive insights on the full scope of the country’s energy industry. Our last report, The Oil & Gas Year Abu Dhabi 2019, is the most up-to-date investment guide on the country’s hydrocarbons industry. It was produced and published in partnership with the Ministry of Energy and ADNOC.
NEWS
Abu Dhabi - October 16, 2020
The Abu Dhabi NOC’s pipelines unit will see an investment of USD 2.1 billion from the Abu Dhabi Pension Fund and state holding…
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Interview
Abu Dhabi - September 07, 2020
H.E. Dr. Sultan Ahmed Al Jaber, minister of industry and advanced technology and ADNOC Group CEO, talks to The Energy Year about…
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NEWS
Abu Dhabi - September 24, 2020
The Unit 1 reactor of the Barakah Nuclear Energy Plant has achieved 50% of its electricity production capacity, Nawah Energy…
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Interview
Abu Dhabi - September 23, 2020
Ali Vezvaei, vice-chairman of Ecolog International, talks to The Energy Year about areas of opportunity in the evolving global…
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Interview
Abu Dhabi - September 21, 2020
Anas Al Juaidi, general manager of MMEC Mannesmann – Middle East, talks to The Energy Year about the company’s approach to…
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Interview
Abu Dhabi - September 10, 2020
Alaa Khaled, Rosetti Marino’s regional manager for the GCC, talks to The Energy Year about how Covid-19 and the oil price are…
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Abu Dhabi - September 08, 2020
Chimere Nkwocha, CEO of Geopro, talks to The Energy Year about how Covid-19 has reshaped the global and local energy industry and opportunities the company sees for…
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Abu Dhabi - August 24, 2020
Narish Nathan, CEO of Eversendai Offshore, talks to The Energy Year about how operations have changed due to the Covid-19 crisis and the company’s foray into…
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Abu Dhabi - August 06, 2020
Ghassan Mirdad, president of the eastern Middle East region at Schlumberger, talks to The Energy Year about the resiliency of the Middle Eastern oil and gas industry…
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