Middle East
United Arab Emirates
The UAE is one of the few Opec members actively investing to boost crude production capacity, as it targets 5mn b/d by 2030 to secure its position as the group’s No.3.
State of Play
The UAE is advancing ambitious plans to become a net gas exporter through developing unconventional reserves and sour gas. Meanwhile, state firm Adnoc is targeting 5mn b/d production capacity by 2030.
2020 In Numbers
| Crude Output | 2.78 | mn b/d |
| Crude Exports | 2.65 | mn b/d |
| Refining Capacity | 1.26 | mn b/d |
| Oil & Gas Export Revenue | 38.4 | $bn |
| GDP Growth | -5.8 | % |
19 Nov, 2021
Featured
Adnoc Downstream Plans Take Big Step Forward
Adnoc is wasting no time in advancing its plans to boost upstream capacity to 5mn b/d by 2030 as well as burnish its ESG credentials. This week’s Adipec conference saw awards for sour gas development, $6bn each on drilling and petchems, and plans for a massive 30GW of renewables.
Adnoc Downstream Facilities At Ruwais With The Nearby Planned Ta’ziz Derivatives Park
NEWS IN BRIEF
Mubadala-Tamar Deal Approved, Preemption Threat
26 Nov, 2021
UAE Backs Iraq Power
26 Nov, 2021
Abu Dhabi Al Dhafra Solar Start Up Delayed
5 Nov, 2021
UAE Pledges 2050 Net Zero
8 Oct, 2021
Adnoc Drilling Offer Revised Up
24 Sep, 2021
Adnoc Drilling: $10bn Valuation
17 Sep, 2021
Dubai’s Kentech Snags SNC-Lavalin Oil & Gas Unit
20 Aug, 2021
SELECTED DATA
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
The UAE Economy Contracted For The First Time In 11 Years In 2020 (Real GDP Growth, %)
UAE Oil & Gas Export Revenues Slumped By 36% For 2020 ($bn)
Get Our Headlines Weekly
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.