UAE Oil And Gas News
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United Arab Emirates (UAE) Oil and Gas Profile

Most Recent Updates

Introduction

  • The United Arab Emirates is a major oil producer and exporter. In 2012, the country produced an average of 2.8 million barrels of crude oil per day, the eighth highest total in the world.
  • According to Oil & Gas Journal estimates, the UAE holds the seventh-largest proved reserves of oil in the world at 97.8 billion barrels, with the majority of reserves located in Abu Dhabi (approximately 94% of the UAE's total). The other six Emirates combined account for just 6% of the UAE's crude oil reserves, led by Dubai with approximately 4 billion barrels. The UAE holds approximately 6% of the world's proved oil reserves.
  • The UAE holds the seventh-largest proved reserves of natural gas in the world, at just over 215 trillion cubic feet (Tcf).

News

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