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
| 06 Dec 24 |
UAE: ADNOC Signs 15-Year, 1 mtpa Sales and Purchase Agreement with PETRONAS for Ruwais LNG Project ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s PETRONAS. The 15-year SPA for supplying 1 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and PETRONAS into a definitive agreement. |
| 05 Dec 24 |
UAE: ADNOC Gas awards FEED for gas processing facilities at the Bab Gas Cap project in Abu Dhabi ADNOC Gas has awarded Worley Engineering the Front End Engineering and Design (FEED) contract for new gas processing facilities at the Bab Gas Cap (BGC) project in Abu Dhabi. This project aims to boost ADNOC Gas’ current processing capacity by 20%, or over 1.8 billion standard cubic feet per day. |
| 27 Nov 24 |
UAE:ADNOC launches XRG: An $80+ billion lower-carbon energy and chemicals investment powerhouse Following the Board’s strategic endorsement, ADNOC has announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion. |
| 26 Nov 24 |
UAE: DNV certifies first CO2 storage site in the Middle East for ADNOC carbon capture and storage project DNV has certified the feasibility of ADNOC’s West Aquifer CO2 storage site in the UAE, marking a significant milestone in the Middle East’s carbon capture and storage (CCS) efforts. This certification supports ADNOC’s ambition to reach net zero by 2045 and the UAE's Net Zero 2050 Strategy, highlighting the region’s commitment to climate action and sustainable energy solutions. |
| 26 Nov 24 |
UAE: ADNOC issues statement on recent media reports regarding ADNOC Gas Abu Dhabi National Oil Company (ADNOC), the current majority shareholder of 90% of the ordinary shares in ADNOC Gas, notes recent media reports about a potential capital market transaction involving ADNOC Gas. |
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
