Middle East / Africa
Country profile: United Arab Emirates
Location: | Middle East, bordering the Gulf of Oman and the Persian Gulf, between Oman and Saudi Arabia |
Climate: | desert; cooler in eastern mountains |
Terrain: | flat, barren coastal plain merging into rolling sand dunes of vast desert wasteland; mountains in east |
Size: | 83600 sq. km total (Land area: 83600 sq. km ) |
Population: | 4,621,399 |
Languages: | Arabic (official), Persian, English, Hindi, Urdu |
Government: | federation with specified powers delegated to the UAE federal government and other powers reserved to member emirates |
Capital city: | Abu Dhabi |
Legal system: | based on a dual system of Shari'a and civil courts; has not accepted compulsory ICJ jurisdiction |
Currency: | Emirati dirham (AED) |
Licensing: |
Country profile
The United Arab Emirates (UAE) is an important oil producer with the fifth largest proven oil reserves in the Middle East. The UAE is a member of the Organization of the Petroleum Exporting Countries (OPEC) since joining in 1967. The emirate of Abu Dhabi is the center of the oil and gas industry, followed by Dubai, Sharjah, and Ras al Khaimah. In 2004, natural gas supplied 64 percent of the country’s total energy consumption, and oil supplied the remaining 36 percent. The UAE is a high-income, stable federation of seven emirates with the second largest Arab economy in the Middle East.
The non-oil sectors grew 18.6 percent in 2006 and have tripled during the last three years. Good relations with Asian trading partners and a growing domestic population have helped diversify the thriving economy. However, the country remains dependent on oil revenue, and the government has announced large oil production capacity increases within the next seven years. Abu Dhabi is the major hydrocarbon and industrial power while Dubai is the trading, financial, and tourist center of the emirates. Abu Dhabi and Dubai account for 80 percent of the UAE’s income. Hydrocarbon revenues account for around one-third of the UAE’s GDP, though the non-oil finance and service sectors in Dubai are making the city a favored base for multinational corporations in the Gulf.
Energy production and consumption
Oil | Gas | |
Production: | 2 million bbl/day (2006 est.) | 45 billion cu m (2005 est.) |
Consumption: | 372,000 bbl/day (2005 est.) | 39 billion cu m (2005 est.) |
Exports: | 2 million bbl/day (2006 est.) | 6 billion cu m (2005 est.) |
Imports: | 137,200 bbl/day (2005 est.) | 1 billion cu m (2005 est.) |
Reserves: | 97 billion bbl (2007 est.) | 5 trillion cu m (1 January 2006 est.) |
Major fields: |
United Arab Emirates - recent news
12 Jun 25 |
UAE: INPEX awarded production concession for Onshore Block 4 in Abu Dhabi, UAE INPEX has announced that through its subsidiary JODCO Exploration it has recently been awarded a production concession for Onshore Block 4 in Abu Dhabi, UAE. |
11 Jun 25 |
UAE: Wood secures significant EPCm contract to expand ADNOC Gas Habshan facility Wood has been awarded a $2.8 billion contract by ADNOC to deliver an engineering, procurement and construction management (EPCm) package for the long-term gas processing facilities at the UAE’s Habshan facility. |
11 Jun 25 |
UAE: ADNOC Gas takes Final Investment Decision and awards $5 billion in contracts for first phase of its Rich Gas Development Project ADNOC Gas and its subsidiaries, a world-class integrated gas processing and sales company, has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment. |
11 Jun 25 |
UAE: Petrofac secures gas processing expansion contract from ADNOC Gas Petrofac has been selected by ADNOC Gas to undertake an Engineering, Procurement and Construction Management Services (EPCM) contract for a US$1.2 billion project to expand its gas production facilities on Das Island. |
28 May 25 |
UAE: Brimmond partners with Proserv to launch Middle East division North-east Scotland based engineering specialists, Brimmond, have announced the establishment of their new Middle East business division, with the launch of a branch subsidiary based in Dubai. As part of this initiative, Brimmond is partnering with Proserv, a respected and well-established controls technology company with operational facilities across Dubai, Abu Dhabi, Qatar and Saudi Arabia. |
United Arab Emirates - more news
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