Middle East

United Arab Emirates

The UAE quit Opec on 1 May 2026 after 59-years, citing the need to more flexibly meet growing global energy needs. The decision came as Adnoc entered the final straight of its ambitious crude oil capacity expansion program, where it targets 5mn b/d by 2027.

State of Play

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.

2024 In Numbers
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

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SELECTED DATA

Fujairah’s Crude Oil Imports Slate Grows More Diverse Following Sudan-Ban (‘000 b/d)

Adnoc’s Planned Annual Capex^ Remains At $30bn Out To The End Of The Decade ($bn)

Mubadala Energy’s Working Interest Production Dominated By Gas (‘000 boe/d)

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