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

21 Feb 20
UAE: Petrofac awarded USD40 million project by Sharjah National Oil Corporation
Petrofac’s Engineering & Production Services division has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by Sharjah National Oil Corp, worth around US$40 million, for a project in the United Arab Emirates.
18 Feb 20
Petrofac awarded US$1.65 billion contracts for Abu Dhabi mega project
Petrofac Emirates has been awarded two contracts, together worth around USD1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates. The engineering, procurement, construction, transportation, offshore installation and commissioning contracts are for ADNOC’s Dalma Gas Development Project.
03 Feb 20
UAE: KBR awarded major PMC services contract by ADNOC for Ghasha Concession project
KBR has been awarded a major Project Management Consultancy (PMC) services contract by Abu Dhabi National Oil Company (ADNOC) for the Ghasha Concession portfolio of projects.
27 Jan 20
UAE: Eni announces gas and condensate discovery in the UAE
Eni has announced a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE), which was awarded to Eni in the first International Competitive Exploration Licensing Round conducted by the Petroleum Council of Sharjah.
21 Jan 20
UAE: SNC-Lavalin awarded contract for second phase of the Haliba field
SNC-Lavalin has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corp and GS Energy. Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field.

United Arab Emirates - more news

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