Given that Abu Dhabi’s economic development strategy puts an emphasis on building value in sectors in which the emirate already has clear competitive advantages, the downstream oil industry is an obvious focus for investment. The country’s biggest refinery has doubled its capacity after a $10bn programme that has brought in contractors from around the world. Despite...
It would be hard to overstate the importance of the oil industry to Abu Dhabi. The discovery of black gold in 1954 has led to a transformation of the emirate’s economy. Oil and gas contribute more than half of Abu Dhabi’s GDP – 54.6% of the total in 2013, according to the “Statistical Yearbook of Abu Dhabi 2014”, published by the Statistics Centre - Abu Dhabi....
Renewable energy should account for 7% of Abu Dhabi’s power generation capacity by 2020, the emirate’s government pledged in 2009 at the opening of the World Future Energy Summit, which was held in Abu Dhabi City. Most of this will come from solar power plants, which can capitalise on the emirate’s year-round sunshine. Abu Dhabi is already home to Shams 1, one of the...
Developments in Abu Dhabi’s waters illustrate the extent of innovation in the emirate’s oil and gas sector. The two main offshore operators, the Abu Dhabi Marine Operating Company (ADMA-OPCO) and the Zakum Development Company (ZADCO), are constructing artificial islands on an unprecedented scale for future drilling programmes. Utilising islands...
In January 2009, on the eve of the second World Future Energy Summit, Abu Dhabi’s government announced that by 2020 at least 7% of the emirate’s power generation capacity would come from renewable sources. In the half decade since then, Abu Dhabi has become one of the Gulf’s most prominent players in the areas of energy sustainability and...
Steadily rising automobile ownership rates throughout the UAE over the past decade have contributed to a jump in demand for motor fuel in recent years. As of the end of 2013 four companies operated petrol stations in the country, including the distribution arm of the Abu Dhabi National Oil Company (ADNOC Distribution), which is owned by the...
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