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 | $bn |
| GDP Growth | -5.8 | % |
13 May, 2022
Featured
Adnoc Forges Ahead With Fujairah LNG Export Plan
The Ukraine conflict has shaken up global LNG markets. The UAE’s Adnoc aims to capitalize on growing demand with a new 9.6mn t/y export terminal at Fujairah, a strategic location outside the Straight of Hormuz. EPC awards are planned for next year.
Key Abu Dhabi Gas Assets
NEWS IN BRIEF
Borouge Shares Start Trading
3 Jun, 2022
Mubadala Petroleum Hits 500,000 boe/d
3 Jun, 2022
Adnoc Exploration Pays Off Again
20 May, 2022
Abu Dhabi’s Borouge To IPO
20 May, 2022
UAE President Khalifa Bin Zayed Passes Away
13 May, 2022
UAE’s First Waste-To-Energy Plant Begins Testing
6 May, 2022
SELECTED DATA
Adnoc Increases* Planned Murban Exports From August Onwards (mn b/d)
The UAE Economy Contracted For The First Time In 11 Years In 2020 (Real GDP Growth, %)
UAE Oil & Gas Export Revenues Slumped By 36% For 2020 ($bn)
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