Francesco La Camera, director-general of the International Renewable Energy Agency (IRENA), talks to The Energy Year about the organisation’s initiatives and impact…
READ MOREAbu Dhabi's Energy Industry
Christophe SASSOLAS
President of Total E&P UAE and Total Country Chair for the UAE
TOTAL
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
Tareq Qaddumi, CEO of SPETCO, talks about developing novel solutions for gas processing and expansion plans in Kuwait’s…
READ MOREThe Kuwait Authority for Partnership Projects has invited bids for the development and operation of the IWPP for Al Zour North.
READ MOREFaisal Malallah of Al Kout Industrial Projects talks about Kuwait's market for chemical products.
READ MOREADNOC has formally closed the acquisition of a key 24.9% stake in OMV AG, a global energy and chemicals group, from Abu Dhabi…
READ MOREDP World and Masdar have agreed to partner on exploring and implementing renewable energy systems at DP World's ports.
READ MOREChinedu Maduakoh of Topline talks about the narrative surrounding the Nigerian energy industry.
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Sigma Enterprises Company (SOF) and Sigma Engineering Works (SEW), two Middle East-based oil and gas services companies that are part of the UAE’s Mazrui Energy…
READ MOREThe UAE’s National Petroleum Construction Company (NPCC) has reportedly won a contract from ADNOC for works on the Umm Al Dalkh oilfield off Abu Dhabi, just a day after…
READ MOREHelge Beuthan, managing director for the United Arab Emirates at Wintershall Dea, talks to The Energy Year about how the “pandemic pause” can benefit projects, the…
READ MOREMahesh Patil, managing director of Horizon Group of Companies, talks to The Energy Year about the company’s approach to services provision and its recently launched…
READ MOREAbdulhamid Nassouri, chairman of Emirates Nuclear & Systems Services (ENSS), talks to The Energy Year about growing opportunities in the nuclear energy sector and the…
READ MORESaeed Ghumran Al Remeithi, CEO of Emirates Steel, talks to The Energy Year about the company’s role in the UAE’s economic diversification and the Barakah Nuclear…
READ MOREJoão Filipe, chairman and CEO of Cabinda Shipping Services (Cabship), talks to The Energy Year about the revolutionary potential of digitalisation in the logistics…
READ MOREAbdulnasser bin Kalban, CEO of Emirates Global Aluminium (EGA), talks to The Energy Year about future growth drivers for the aluminium sector in light of the energy…
READ MORESalem bin Ashoor, BP’s chief representative and general manager in the UAE, talks to The Energy Year about the company’s role in the energy transition and its…
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