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’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.

2022 In Numbers
Crude Output 3.05 mn b/d
Crude Exports 2.88 mn b/d
Refining Capacity 1.26 mn b/d
Oil & Gas Export Revenue 94.7 $bn
GDP Growth +6.9 %
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