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

27 Mar 24
UAE: ADNOC announces first production from Belbazem offshore block
ADNOC has announced the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy. Tthe Belbazem Block consists of three offshore fields; Belbazem, Umm Al Salsal and Umm Al Dholou.
18 Mar 24
UAE: ADNOC signs second long-term agreement for Ruwais LNG project
ADNOC has announced the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore, a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais LNG project, currently under development.
13 Mar 24
UAE: ADNOC issues early EPC award for Ruwais LNG project
ADNOC has issued a Limited Notice to Proceed (LNTP) for early engineering, procurement and construction (EPC) activities to a joint venture, led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC for its low-carbon liquefied natural gas (LNG) project in Al Ruwais Industrial City, Abu Dhabi.
06 Mar 24
UAE: ADNOC generates $500 million in value through deployment of AI solutions in 2023
ADNOC has announced that it generated $500 million (AED1.84 billion) in value by deploying artificial intelligence (AI) solutions in 2023. The value was generated from the integration of over 30 industry-leading AI tools across ADNOC’s full value chain, from field operations to smarter and quicker corporate decision making.
31 Jan 24
UAE: ADNOC Gas signs 10-year LNG supply agreement with GAIL India Limited
ADNOC Gas, a world-class integrated gas processing company, has announced a 10-year agreement to supply 0.5 million metric tons per annum (mmtpa) of liquified natural gas (LNG) to GAIL India Limited, India’s leading natural gas company.

United Arab Emirates - more news

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