Mothana Bahjeat Qteishat, Jinko Power Technology Company’s vice-president and head of international tenders, talks to The Energy Year about factors attracting…
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
The Kuwait Authority for Partnership Projects has invited bids for the development and operation of the IWPP for Al Zour North.
READ MOREADNOC and German midstream energy company SEFE have signed a 15-year LNG supply deal.
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.
READ MOREAhmed Baghoum, CEO of Masdar City, talks to The Energy Year about how the city serves as a model for future cities worldwide and how it is fostering innovation in…
READ MOREFrancesco La Camera, director-general of the International Renewable Energy Agency (IRENA), talks to The Energy Year about global trends in the energy transition and…
READ MOREHosted in Abu Dhabi by ADNOC, and taking place from 2-5 October 2023, ADIPEC is an international platform convening global energy producers, consumers and innovators to…
READ MOREAbdulrahman Abdulla Alseiari, CEO of ADNOC Drilling, talks to The Energy Year about the company’s contribution to the UAE’s 5-million-bopd goal, the impact of the…
READ MOREMajid Jafar, CEO of Crescent Petroleum, talks to The Energy Year about energy’s key role in socioeconomic development, the company’s transformative work in Iraq and…
READ MOREMoustafa Rashad, CEO of Al Fanar Gas, talks to The Energy Year about how the company’s one-stop-shop approach has positioned it as a gas distribution leader in the…
READ MOREEng. Abdulla Abdul Aziz AlShamsi, director-general of the Abu Dhabi Investment Office (ADIO), talks to The Energy Year about the growing ease of doing business in Abu…
READ MOREADNOC has drilled the world’s first fully sequestered carbon dioxide injection well, the Emirati NOC announced via social media on Thursday.
The well uses carbon…
READ MOREMurtaza Jariwala, CEO and managing director of Vanguard Engineering & Oilfield Services, talks to The Energy Year about how developments in Oman’s upstream boost…
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