Middle East / Africa

United Arab Emirates flag
Summary | Profile

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

30 May 23
UAE: ADNOC Drilling to acquire six newbuild hybrid power land rigs
ADNOC Drilling Company has signed a $75 million agreement for the purchase of six newbuild hybrid power land rigs. The newbuilds will each deliver emissions reduction of up to 15%.
24 May 23
UAE: ADNOC and TAQA announce project for sustainable water supply to onshore operations worth up to $2.4 billion
ADNOC and Abu Dhabi National Energy Company (TAQA) have announced the award of a strategic investment project estimated at up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations.
11 May 23
ADNOC launches $1 million Decarbonization Technology Challenge
ADNOC has launched a global competition to find innovations that will reshape the global energy landscape. The Decarbonization Technology Challenge is being supported by Amazon Web Services (AWS), bp, Hub71, and the Net Zero Technology Center.
03 May 23
UAE: ADNOC's low-carbon LNG growth project to proceed in Al Ruwais Industrial City
As part of the design phase, ADNOC has announced that its world class low-carbon LNG growth project will move forward in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi.
17 Apr 23
UAE: Fugro selected to perform extensive offshore surveys for major field development programme in the Middle East
Fugro has been awarded a contract for site characterisation services in support of one of the largest long-term field development programmes in the United Arab Emirates.

United Arab Emirates - more news

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