TOGY talks to Antigha Ekaluo, the deputy director in charge of the gas monitoring and regulation division of the Department of Petroleum Resources (DPR) – the…
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 MOREBrad Holliday, partner of Deloitte Oman, tells TOGY about the company’s activities in auditing and advisory services for the oil and gas industry in the country.…
READ MORETOGY talks to Sharmila Amin, managing director of Bertling Logistics India, about the country’s power infrastructure, the challenges of Customs clearance in India,…
READ MOREFeroze Neterwala, chairman of the Neterwala Group, talks to TOGY about surviving the low oil prices by expanding into sectors that flank the hydrocarbons industry,…
READ MOREMayank Garg, CEO of VLNG, talks to TOGY about the future of LNG in India, challenges facing the sector and the importance of building related infrastructure, such as…
READ MOREV. K. Mathew, CEO of Avi-Oil, sits down with TOGY to discuss his company’s current field of operations, challenges facing diversification in the lubricants sector and…
READ MORECrown Prince Mohamed bin Zayed on Wednesday issued a resolution for the establishment of a joint committee that is to oversee the merger of Abu Dhabi’s two investment…
READ MOREMinister of State and Abu Dhabi National Oil Company (ADNOC) chief executive Sultan Ahmed Al Jaber disclosed on Sunday additional details of the ADNOC master plan to…
READ MOREAnil Dhanania, director of Sanjay Bonny Forge, sits down with TOGY to talk about challenges faced by manufacturing companies in India, how the market is coping with the…
READ MOREJagadesh Donepudi, country manager for India for KBC Advanced Technologies, speaks to TOGY about growth of India’s market, advice on excelling while oil prices are…
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