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
| 21 Jul 26 |
UAE: TotalEnergies announces Final Investment Decision (FID) for the Umm Shaif Gas Cap development TotalEnergies has announced the Final Investment Decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the Company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator. |
| 15 Jul 26 |
UAE: Masdar reaches financial close for world-first US$6.1 billion gigascale 24/7 clean energy project Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, has announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialization of the next generation of clean energy infrastructure. |
| 07 Jul 26 |
UAE: ADNOC signs 15-Year Sales and Purchase Agreement with INPEX for Ruwais LNG Project ADNOC has announced the signing of a 15-year Sales and Purchase Agreement (SPA) with INPEX, Japan’s largest exploration and production (E&P) company, for the supply of 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the Ruwais LNG project. |
| 06 Jul 26 |
UAE: ADNOC launches global LNG marketing and trading platform ADNOC has launched a global liquefied natural gas (LNG) marketing and trading platform in Abu Dhabi Global Market (ADGM), combining the marketing activities of ADNOC Gas and XRG with the trading capabilities of ADNOC Trading into an integrated commercial platform. |
| 25 Jun 26 |
UAE: TotalEnergies enters into the Bab Gas Cap Concession TotalEnergies has signed its entry into the Bab Gas Cap Concession in Abu Dhabi, with a 10% interest, alongside ADNOC (60%), bp (10%), CNPC (8%), JODCO/INPEX (5%), ZhenHua (4%) and GS Energy (3%). This new concession, operated by ADNOC Onshore, will enable the partners to develop the large gas cap resources of the Bab onshore field, with a target production rate of 1.5 billion cubic feet per day. |
United Arab Emirates - more news
Other countries in this region
- Algeria,
- Angola,
- Bahrain,
- Benin,
- Botswana,
- Burundi,
- Cameroon,
- Central Africa Republic,
- Chad,
- Comoros,
- Congo (Brazzaville),
- Congo (Democratic Rep.),
- Cote d'Ivoire,
- Djibouti,
- Egypt,
- Equatorial Guinea,
- Eritrea,
- Ethiopia,
- Gabon,
- Gambia,
- Ghana,
- Guinea (Republic),
- Guinea Bissau,
- Iran,
- Iraq,
- Israel,
- Jordan,
- Kenya,
- Kuwait,
- Lebanon,
- Liberia,
- Libya,
- Madagascar,
- Malawi,
- Mali,
- Mauritania,
- Mauritius,
- Morocco,
- Mozambique,
- Namibia,
- Niger,
- Nigeria,
- Oman,
- Palestine,
- Qatar,
- Rwanda,
- Sao Tome,
- Saudi Arabia,
- Senegal,
- Seychelles,
- Sierra Leone,
- Somalia,
- Somaliland,
- South Africa,
- South Sudan,
- Sudan,
- Syria,
- Tanzania,
- Togo,
- Tunisia,
- Uganda,
- Western Sahara,
- Yemen,
- Zambia,
- Zanzibar,
- Zimbabwe
