Oil and Gas, Petroleum Companies in Dubai

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As the seventh largest petroleum producer in the world, the United Arab Emirates UAE economy has long been coupled with the ebbs and flows of the hydrocarbon industry. The plummeting global oil prices has thus affected the oil-rich nation, forcing the country to curb spending, oil companies to downsize, and prioritize and scale back projects.

With the oil and gas industry in dire straits, UAE has taken steps to diversify its economy to cushion and remain resilient in face of sustained lower oil prices. Production With the proved oil reserves ranked seventh globally, the UAE is a major oil producer and exporter. In January of oil and gas stocks dubai company list, UAE produced 3. Oil production for February of was 2. January and February average was 2. Some of UAE crude oil streams includes Murban, a lightweight and sweet low sulfur crude oil, and Das, a blend of two existing streams, Umm Shaif and lower Zakum crude oil streams.

The oil rich nation plans to increase crude oil production to 3. According to the U. Africa and other countries imports accounts for the rest of the import. Despite being an exporter of oil and gas stocks dubai company list oil, the UAE domestic market imports petroleum product imports namely residual fuel oil, motor gasoline, and diesel fuel.

Bycrude oil production is expected to amount 3. With a current production rate ofbpd, the field is undergoing expansion work to increase production tobpd by and eventually 1 million bpd by Oil and gas stocks dubai company list of emirates is responsible for regulating the oil industry, creating production sharing agreements PSAsand service contracts within its own borders. InAdma which currently producesbpd, is up for renewal. A massive number of projects have been pushed back, possibly crimping future supply as the global oil market, including UAE, is moving towards balancing their budget and cutting expenses.

In an effort to boost oil prices and get rid of supply glut, OPEC has curtailed its oil production by 1. A Complete Profile - Expected Growth Bycrude oil production is expected to amount 3.

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The United Arab Emirates has been successfully diversifying its economy, [1] although the UAE remains extremely reliant on oil. With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy.

Organizations which have ceased operations are included and noted as defunct. Dubai skyline and world's tallest building Burj Khalifa. Airplanes from Emirates at Dubai International Airport. From Wikipedia, the free encyclopedia. Companies portal Lists portal United Arab Emirates portal.

List of companies of Asia. Retrieved from " https: Views Read Edit View history. Languages Deutsch Edit links. This page was last edited on 17 January , at By using this site, you agree to the Terms of Use and Privacy Policy. Real estate and project investments, ADX: Abu Dhabi Commercial Bank. Abu Dhabi Islamic Bank. Abu Dhabi National Hotels. Al Dahra Agricultural Company. Dar Al Khaleej Printing and Publishing. Airline, part of The Emirates Group. National Bank of Abu Dhabi. National Bank of Dubai.