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رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE National Day Report - Oil and Gas

posted on 28/11/2007: 2473 views

The year 2007 has witnessed very important developments in the global economy, most significantly on the international oil market as oil prices surged astronomically to unprecedented record levels close to US$100 per barrel. This, until recently, would have been a fallacy and a dream, but it is today a reality which is negatively affecting the global economy, which some forces blame it on the Organisation of Petroleum Exporting Countries (OPEC) as being the major cause of the sky-rocketing rise in oil prices.

But OPEC has made it clear to the world that the oil market is totally out of control. It said the high rise in oil prices to the current levels can be attributed only to "reasons outside the basic market factors of supply and demand". It pointed an accusing finger to speculations on the market and geopolitical problems in some production areas, as well as to lack of enough oil refineries in consumer countries.

Another major OPEC-related event that the year 2007 will be remembered for is the convening of the 3rd OPEC summit on November 17 and 18 in the Saudi Arabian capital, Riyadh, during which leaders of OPEC member countries issued resolutions reaffirming OPEC's total commitment to ensuring global economic stability and intra-members cooperation in all areas of the oil industry. They also reaffirmed their commitment to environmental protection.

President H.H. Sheikh Khalifa bin Zayed Al Nahyan, in his address during a close-door meeting at the OPEC summit on November 18, said the UAE will continue to honour its commitment of continuous oil supply to the international oil market. He attributed the high rise in oil prices to the sharp increase in oil consumption, taxes being imposed by consumer countries and speculations on the oil market, while some oil producing countries have now become importing countries. He called for a serious search for alternative source of clean and safe energy at reasonable prices to ease the pressure on oil production countries.

The UAE president said his country also believes in the need to invest more in the oil sector to boost production, but was quick to add that the UAE also believes in the need to ensure security of demand against the security of supply.

Sheikh Khalifa said in a statement to the press soon on his arrival in Riyadh for the 3rd OPEC summit on November 17 and 18 that throughout the past 47 years of the founding of OPEC, the organisation had proven its ability to positively deal with various developments on the oil market and the global economy, adding that OPEC was able to achieve a balance on the oil market, pumping adequate supplies on the market to ensure steady global economic growth.

In a close-door meeting at the summit, the UAE donated 150 million dollars in support of a scientific research programme on energy, environment and climate change. An amount of US$300 million was set aside for the programme, which was launched by King Abdullah bin Abdul Aziz of Saudi Arabia during the opening session of the summit.

The year 2007 was very significant for the UAE, having headed the OPEC in 2007, the UAE hosted OPEC?s 146th extraordinary conference in Abu Dhabi at a time the oil market and global economy was in a critical stage with oil prices hitting close to US$100 per barrel. This situation added more significance to the Abu Dhabi conference which enabled OPEC to review the mid and long term effect of trend of events on the global economy which was then achieving remarkable growth rates despite the temporary shocks it suffered as a result of liquidity crisis on the world market.

World Oil Reserve OPEC has reiterated that contrary to what is commonly believed now that the end is near for the oil age the fuel will continue to be the major source of energy in the world for more than two and a half decades to come.

OPEC said the quantity of recoverable oil, which has been on the increase since 1940, is now ranging between 3.3 trillion to 3.9 trillion barrels, according to an estimate by Exxon Mobile. But using high-tech methods to produce greater amount of oil from the currently available oil fields is the most important factor in the efforts to increase oil reserve. This is in addition to the fact that there are many oil rich areas that are yet to be fully tapped.

OPEC members have two-thirds of the estimated crude oil reserve in the world. Natural gas reserve has also increased in the last four decades as latest statistics show that gas reserve is currently at about 80 trillion cubic metres.

Oil Developments in the UAE in 2007 UAE's oil reserve is estimated at about 98.1 billion barrels, which is about 8.1% of the world's oil reserve, while the country's gas reserve is also estimated at about six trillion cubic metres.

The UAE current oil output stands at 2.7 million barrels per day, while its gas output is at 65billion cubic metres per annum. UAE's oil output is expected to rise to 3.5 million barrels per day at the beginning of next decade. Its oil refinery capacity, which currently stands at 600,000 barrels per day, is expected to rise to 1.1 million barrels per day in the near future.

The Abu Dhabi National Oil Company (ADNOC) has disclosed a plan to increase its crude oil output. The company said despite the fluctuation on the world oil market demand for oil continues to rise. That is why the company is planning to increase production steadily to enable it meet the growing demand. ADNOC said its ongoing development programme includes development of, prospecting for, production and manufacturing of oil and gas, in addition to other gas-related industries like the petrochemical industry.

The company expected the programme to yield good dividend within two to seven years time. It strongly believes its investment in the programme would certainly be very profitable.

Gas industry The UAE has the fourth biggest gas reserve in the world. It's expected that Abu Dhabi's gas production will increase significantly in the next few years to make it one of the world's major exporters of gas.

ADNOC has disclosed that a bid had been invited for the laying of the first gas pipelines from Das Island to the Habshan onshore storage facility which can take-in 220 million cubic feet in phase 1 and an additional 500 million cubic feet in phase 2. This is happening at a time when work has already started on the expansion of the GASCO gas industry capacity to be able to meet the increase in crude lubricant production from the oil fields in the years ahead.

The company said the demand for gas is on the increase and this has made the prospecting for gas very feasible economically, adding that the company had started studying how to develop these gas rich areas without jeopardizing the great respect and commitment to health, safety and environment policy.

It pointed out that its production of gas would increase and develop very fast in the few years ahead to reach 7 billion cubic feet per day in five years time.

The company said it is continuing with its policy of developing its production and manufacturing of associated and non-associated gas from a number of onshore and offshore fields for use locally as white fuel that would feed the electricity generating and water desalination plants and other industrial plants in the country.

The company also disclosed in this regard that it had invested about US$7 billion in gas industry projects of GASCO. It said the projects would be completed soon to allow production to start in 2008 and 2009.

Meanwhile, the Abu Dhabi Gas liquefaction Company (ADGAS) has awarded in November 2007 a US$613 million contract to the International Middle East Projects Company, a company that is fully owned by the Technip Company of France. Based on the contract, Technip will execute phase 1 of the offshore associated gas processing plant on Das Island. The associated gas will be transported to the Habshan onshore field plant for processing and supply for the local market.

The Ruwais Fertiliser Industries (FERTIL) has also signed an agreement with the Pakistan-based Discon Engineering Company and the Urea Castle Company of Switzerland for the expansion of the Ruwais Urea industry at a total cost of US$240 million (About AED890 million). Based on the agreement the Pakistan-based company will be responsible for the engineering, procurement, building and fixing works on the project, while the Swiss company will provide the necessary technology for increasing the production capacity of the company.

Dolphin gas supply reaches UAE Dolphin Energy announced on July 10, 2007 that it has delivered to its clients in the UAE the first gas supply from its production source in Qatar. Dolphin is currently producing crude gas at its project site in Qatar?s Tatweer area at the Al Shamal field. The company processes the gas at its big processing plant in Ras Lafan Industrial City in Qatar before exporting it to its gas storage plant in Taweela, Abu Dhabi, through an offshore-laid pipeline.

ADNOC and its group of companies said they are exerting great efforts in the field of environmental protection by adopting the best Health, Safety and Environment (HSE) practices to minimise pollution during its various oil industry activities, adding that it also ensures energy production methods and standards are environment-friendly.

Green diesel at ADNOC stations To achieve maximum result from the environment policy, ADNOC for Distribution (ADNOC FOD) launched a new product in 2007. The low-Sulphur Green Diesel 500 is now available on the local market at ADNOC FOD service stations throughout the country.

The introduction of the Green Diesel on the local market reflects the seriousness attached to development of petroleum resources by the Higher Committee and ADNOC FOD but without compromising the need to maintain environmental balance suitable for all diesel engines. The Green Diesel, which works perfectly than the ordinary diesel, does not need any modification work on motor engines.

IPIC expands in its foreign investment The International Petroleum Investment Company (IPIC), the investment arm of the Emirate of Abu Dhabi in the oil and gas industry, continues to expand in its international ventures. In 2007, the company acquires a 20.85% stake in the Japan's Cosmo Oil, it signed a memorandum of understanding with the Pakistani government to build a 20,000 barrels per day (bpd) capacity oil refinery in Pakistan, it announced the execution of important petroleum projects in the UAE and the raising of its investment portfolio from US$10 billion to US$20 billion.

Its acquisition of the 20.85% stake in Cosmo Oil at a total amount of US$780 million is one of the UAE's biggest investments in Japan in the oil sector. The significance of this investment lies in the fact that about 40% of the UAE's total oil export goes to Japan. The acquisition also boosted IPIC's image and position in Asia and the Far East in the field of investment in the oil sector.

IPIC's investment in Cosmo Oil is its second in the Far East after a similar investment in Korea, which is also the UAE's major oil export market. The move reflects the UAE's policy of expanding its investment in Asia, Europe and North America. IPIC is also studying other investment projects in various areas in China and South East Asian countries.

Established in 1984, IPIC's current investment portfolio includes stakes in Hyundai Oilbank Co. in South Korea, Gulf Energy Maritime in Dubai, CEPSA in Spain, Pak-Arab Refinery Ltd. and Pak-Arab Fertilizers Ltd. in Pakistan and Oman Polypropylene, and SUMED in Egypt. Early 2007, IPIC announced that it is raising its investment portfolio from US$10 billion to US$20 billion in the next five years to boost Abu Dhabi's status as a strategic investor in the world's hydrocarbon sector.

IPIC is also involved in many other projects, some has already taken-off, including a crude oil transport pipeline from Habshan in Abu Dhabi to Fujairah and the building of an oil refinery in Fujairah (the project is currently under study). IPIC is also involved in a number of investment ventures in Africa. The ventures would be announced at the right time.


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