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 Feb 25 |
UAE: ADNOC Gas delivers record $5 billion net income for 2024, propelling sustainable growth ambitions ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO, significantly ahead of the Bloomberg consensus for both periods. |
27 Jan 25 |
UAE: ADNOC Gas strengthens partnership with JERA Global Markets through new LNG agreement ADNOC Gas has announced the signing of a $450 million (AED1.653 billion) three-year liquefied natural gas (LNG) supply agreement with JERA Global Markets. The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of approx. 6.0 million tons per annum (mtpa). |
27 Jan 25 |
UAE: ADNOC achieves industry-leading carbon itensity at Shah oil field enabled by AI and advanced technologies ADNOC has announced that its onshore Shah Field has achieved an industry-leading carbon intensity of 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe), setting a benchmark among global oil fields. This milestone achievement underscores ADNOC’s commitment to producing some of the world’s least carbon-intensive oil and gas. |
23 Jan 25 |
UAE: ADNOC Gas and EWEC celebrate long term strategic partnership to support UAE’s energy transformation through flexible gas supply ADNOC Gas and its subsidiaries, a world-class integrated gas processing company, celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing, supply, and system despatch services of water and electricity across the UAE, to support the UAE’s energy transformation. |
21 Jan 25 |
UAE: Masdar announces preferred contractors and suppliers for World's first 24/7 Solar PV and Battery Storage Gigascale Project Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, has announced preferred suppliers and contractors to support the development of the world’s first large-scale ‘round the clock’ gigascale project, which will combine solar photovoltaic (PV) power and battery storage to deliver uninterrupted renewable energy. |
United Arab Emirates - more news
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