The UAE’s energy sector is being transformed. Plans to expand crude oil production to 5mn b/d have been brought forward to 2027, gas expansion projects are advancing, while nuclear and solar power plants are providing industrial facilities with clean energy to future proof them amid the energy transition. Nuclear and solar also provide important resilience amid geopolitical disruption.
| Crude Output | 2.96 | mn b/d |
| Sales Gas Output | 58.6* | bcm |
| Refining Capacity | 1.22 | mn b/d |
| Renewables Capacity | 5.82 | GW |
*2023
1 May, 2026
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The radical reshaping of global energy markets gathered pace this week, with the UAE exiting Opec on 1 May. The UAE chose to act now as the Hormuz closure means there will be no near-term supply impact. Opec’s ability to manage markets is weakened by the UAE’s departure.
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