Back toour markets

Abu Dhabi's Energy Industry

Christophe SASSOLAS

President of Total E&P UAE and Total Country Chair for the UAE

TOTAL

Gas-fired turbines can rapidly compensate for variations in renewable supply.
Read The Full Interview

Abu Dhabi Energy Industry In Figures

UAE oil reserves97.8 billion barrels

UAE oil production3.67 million bopd

UAE gas reserves5.9 tcm

UAE gas production57 bcm

Abu Dhabi’s Energy Industry Growth

Abu Dhabi’s oil and gas industry has rapidly grown on the back of its substantial hydrocarbons potential. The UAE is among the top 10 nations by reserve size despite covering an area of only 84 thousand square kilometres. The Abu Dhabi National Oil Company (ADNOC) is responsible for nearly all the country’s oil and gas production. Given profits and royalties from its oil and gas industry, the country has traditionally poured high levels of investment into its greenfield projects to keep reserves and production on an even keel.

The oil and gas sector is the UAE’s economic axis, representing 40% of its GDP. However, the country has strongly pushed to diversify its economy through its Vision 2030 initiative, including building strong manufacturing and downstream sectors. While non-oil sectors are becoming a more prominent part of the country’s GDP, the hydrocarbons sector remains its key economic pillar and main enabler of diversification.

The UAE is also pushing the growth of renewables in its energy mix. The government has targeted 50% of its power generation coming from nuclear and renewables by 2050. “We now see advanced renewable energy sources increasingly growing their share of the energy mix,” H.E. Eng. Awaidha Murshed Ali Al Marar, chairman of the Abu Dhabi Department of Energy, told The Energy Year. “Nuclear energy is safer than most other sources when it comes to delivering reliable, steady, and stable energy. Its low carbon emissions make it a promising way forward to a cleaner, greener world.”

Abu Dhabi Energy Industry News and Articles

ADNOC raises size of its logistics IPO to 19%
NEWS
UAE - May 23, 2023

ADNOC has raised the amount of available shares in the upcoming IPO of its logistics arm from 15% to 19%, the Emirati NOC…

READ MORE
Latest IPO in UAE to raise up to $607 mln
NEWS
UAE - May 16, 2023

ADNOC has set a price range for the proposed IPO of its marine and logistics unit with expected returns of up to USD 607…

READ MORE
ADNOC plans second IPO in 2023
NEWS
Abu Dhabi - May 10, 2023

ADNOC has decided to float 15% of its maritime logistics arm on the Abu Dhabi Securities Exchange in 2023, the Emirati NOC…

READ MORE
Eyas ALHOMOUZ CEO PETROMAL
Interview
Abu Dhabi - May 02, 2023

Eyas Al Homouz, CEO of Petromal, talks to The Energy Year about the company’s growing footprint in EPC and how it is…

READ MORE

Abu Dhabi maps

Abu Dhabi Oil & Gas Concession Areas 2019

    ALL MAPS
    Expro’s vision for growth in Abu Dhabi Hussein-ELSISI
    Interview
    Abu Dhabi - April 11, 2023

    Hussein Elsisi, Expro’s vice-president for the MENA region, talks to The Energy Year about new technologies the company is…

    READ MORE
    Baker Hughes partners in the UAE’s net-zero drive Zaher-IBRAHIM
    Interview
    Abu Dhabi - March 23, 2023

    Zaher Ibrahim, Baker Hughes’ vice-president for Europe, the Middle East and Africa, talks to The Energy Year about how as an…

    READ MORE
    DNV shifts focus to transitional energy Jan -ZSCHOMMLER
    Interview
    Abu Dhabi - March 03, 2023

    Jan Zschommler, market area manager for Middle East and Africa Energy Systems at DNV, talks to The Energy Year about the company’s shift in focus to transitional…

    READ MORE

     

    WHOSE PLATFORM IS THIS?
    ASK US

    • Do you have a question for The Energy Year about oil and gas?
    • If we know, we’ll tell you.
    • If not, we’ll ask the experts in the field.