Energy

The oil and gas sector accounts for 80% of the UAE government’s revenues and although current oil prices are a concern, the emirate’s focus on increasing production should ensure stable growth moving forward. While exploration is still a major activity, the emirate has increasingly focused on enhanced oil recovery (EOR) technology to recover heavier and harder to reach oil. The emirate has also seen an increase in the development of its sour gas reserves, which, although costly and difficult to extract, present many benefits in terms of boosting gas supply and supporting EOR operations. Meanwhile growing domestic demand has prompted the need to build additional refining capacity, with the energy sector’s downstream segment earmarked as an area for future expansion as a result.

This chapter contains an interview with Abdulla Nasser Al Suwaidi, Director-General, Abu Dhabi National Oil Company.