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 )|
|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)|
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
|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.)|
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
Other countries in this region
- Central Africa Republic,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Equatorial Guinea,
- Guinea (Republic),
- Guinea Bissau,
- Sao Tome,
- Saudi Arabia,
- Sierra Leone,
- South Africa,
- South Sudan,
- Western Sahara,