United Arab Emirates

State refiners Aramco, Adnoc and KNPC are seeking access to overseas markets. But, with global downstream investment rising, they are not alone.

China is hugely expanding its Abu Dhabi presence. Last week’s agreement paves the way for another upstream award, while Adnoc aims to enter China’s downstream.

As rhetoric heats up, the Strait of Hormuz chokepoint is attracting concern that regional oil exports could be shut off. Riyadh’s ‘Plan B’ relies on the Bab al-Mandeb strait where Yemen’s Houthis this week attacked Aramco tankers. Egypt’s Suez Canal revenue is also threatened.

Abu Dhabi’s power generating capacity reached a record 16.62GW by the end-2017, which was 53% higher than the emirate’s...

This week’s China-Arab States Cooperation Forum focused on oil investment.

The world’s spare oil production capacity is growing increasingly stretched and alarm bells are ringing within the IEA. The...

The extent of the production gains racked up by the most dominant producers within the Opec+ grouping in June...

The emirate plans to award contracts in Q4 as it seeks to reboot gas production.

Total is keen for a stake in the expansion of Qatar’s world-leading LNG facilities. With existing connections to Doha, and LNG expertize, it looks well placed to succeed. It’s also looking to bid in Abu Dhabi’s debut licencing round – if the geology is right.

A mammoth week of negotiations culminated in Opec’s sparring members effectively agreeing to release an extra 500,000 b/d onto global markets on 22 June. Individual country allocations have been replaced by a group-wide ceiling that will permit the stronger members to capitalize on falling output from the weaker countries.