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	%

10 Sep, 2021

Featured

Adnoc Drilling Hopes IPO Will Lead To Regional Expansion

Adnoc has transformed its drilling subsidiary in partnership with Baker Hughes. It plans an October IPO. Abu Dhabi’s upstream expansion suggests bumper times ahead.

Adnoc’s Drilling Rig Fleet

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NEWS IN BRIEF

BP, Adnoc & Masdar Partner In Clean Energy Initiative

17 Sep, 2021

Adnoc Drilling: $10bn Valuation

17 Sep, 2021

Dubai’s Kentech Snags SNC-Lavalin Oil & Gas Unit

20 Aug, 2021

Dubai Inaugurates 300mw Solar PV

20 Aug, 2021

Abu Dhabi: More Blue Ammonia Shipments

20 Aug, 2021

UAE Extradites Former Sonatrach Chief

6 Aug, 2021

Abu Dhabi Crown Prince Visits Counterpart In Saudi Arabia

23 Jul, 2021

Brooge Advances 25,000 b/d Fujairah Refinery

16 Jul, 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)

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