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
| 11 Sep 24 |
UAE: ADNOC signs Heads of Agreement with IndianOil for Ruwais LNG Project ADNOC has announced the signing of a long-term Heads of Agreement (LNG agreement) with Indian Oil Corporation, India’s largest integrated and diversified energy company, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). |
| 27 Aug 24 |
UAE: ADNOC deploys pioneering AI-enabled process optimization technology across upstream and downstream facilities ADNOC has announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology. Neuron 5 was developed by ADNOC and has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant across hundreds of pieces of equipment. |
| 07 Aug 24 |
UAE: ADNOC signs long-term Heads of Agreement with Osaka Gas for Ruwais LNG project ADNOC has announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). |
| 02 Aug 24 |
UAE: ADNOC’s offshore SARB field commences AI-enabled digital operations ADNOC has announced that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital technologies. |
| 15 Jul 24 |
UAE: ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure and increase customer reach ADNOC Gas has announced the award of engineering, procurement & construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement ESTIDAMA Project. Separately, ownership of ESTIDAMA is being transferred from ADNOC Gas to ADNOC. |
United Arab Emirates - more news
Other countries in this region
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- Egypt,
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- Western Sahara,
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