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 | % |
13 May, 2022
Featured
Adnoc Forges Ahead With Fujairah LNG Export Plan
The Ukraine conflict has shaken up global LNG markets. The UAE’s Adnoc aims to capitalize on growing demand with a new 9.6mn t/y export terminal at Fujairah, a strategic location outside the Straight of Hormuz. EPC awards are planned for next year.
Key Abu Dhabi Gas Assets
NEWS IN BRIEF
UAE President Khalifa Bin Zayed Passes Away
13 May, 2022
UAE’s First Waste-To-Energy Plant Begins Testing
6 May, 2022
Adnoc Replaces Mubadala At Borealis
6 May, 2022
Adnoc & Reliance Sign Ruwais Deal
29 Apr, 2022
$30bn Dewa Expands Scale Of IPO
1 Apr, 2022
Borouge Gives Abu Dhabi Polypropylene Boost
25 Feb, 2022
SELECTED DATA
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
The UAE Economy Contracted For The First Time In 11 Years In 2020 (Real GDP Growth, %)
UAE Oil & Gas Export Revenues Slumped By 36% For 2020 ($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.