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 | % |
Oil & Gas
28 May, 2021
Featured
Adnoc-CNPC JV Awards EPC Contract For Offshore Development
Adnoc is developing smaller fields as it aims for 5mn b/d of 2030 output. The Al Yasat JV with CNPC plans a 45,000 b/d light crude boost from the Belbazem block.
Al Yasat’s Abu Dhabi Offshore Fields
NEWS IN BRIEF
Abu Dhabi’s Mubadala Invests In Aramco Pipelines
11 Jun, 2021
Global Upstream Investment Switching To NOCs
4 Jun, 2021
Adnoc Hikes Murban Availability
28 May, 2021
Kuwait Power Consumption Soars
28 May, 2021
Tamar-Mubadala Deal On Track, Says Delek
21 May, 2021
Morgan Stanley Joins ICE Abu Dhabi
21 May, 2021
Adnoc: $318mn Bu Hasa Award
21 May, 2021
Poland’s PGNIG Eyes RAK Well
14 May, 2021
SELECTED DATA
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
The UAE Economy Contracted For The First Time In 11 Years In 2020 (Real GDP Growth, %)
UAE Oil & Gas Export Revenues Slumped By 36% For 2020 ($bn)
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