Middle East

United Arab Emirates

The UAE is one of the few Opec members actively investing to boost crude production capacity, as it targets 5mn b/d by 2030 to secure its position as the group’s No.3.

State of Play

The UAE’s energy sector is being transformed. Plans to expand crude oil production to 5mn b/d have been brought forward to 2027, gas expansion projects are advancing, while nuclear and solar power plants are providing industrial facilities with clean energy to future proof them amid the energy transition.

2022 In Numbers
Crude Output 3.05 mn b/d
Crude Exports 2.88 mn b/d
Refining Capacity 1.26 mn b/d
Oil & Gas Export Revenue 94.7 $bn
GDP Growth +6.9 %
Corporate

13 Dec, 2024

Featured

UAE Gas Growth Outlook Revised Up Sharply

Adnoc Gas cites the UAE’s massive artificial intelligence ambitions in hiking its domestic gas demand forecasts to well over 100bcm/y by 2030, up from 73bcm for 2023.

UAE Gas Consumption Hit An 8-Year High For 2023 Despite The Fuel’s Reduced Powergen Role. Adnoc Gas Forecasts A Further Surge To 109bcm By 2030 (BCM)
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SELECTED DATA

Dewa Annual Power Generation (TWh): Solar Accounts For A Record 11% Share In 2023

UAE Power Generation By Emirate (TWh). The Clean Energy^ Share Has Been Rising Rapidly

Abu Dhabi* Power Sector: More Capacity, More Demand (GW)

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