The Middle East Energy

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With the 75-year concession agreements for Abu Dhabi’s onshore oil production set to expire in 2014, executives at oil and gas companies throughout the world will stay keenly attuned to the re-tendering process. Predicting the outcome will not be easy as the new tenders come at a time of unprecedented change in the global energy market. State-owned...

A surge in planned spending on energy projects in Gulf nations has characterised 2012, and Abu Dhabi has been no exception to the trend. While precise estimates vary, there is a consensus among industry observers that the value of the engineering, procurement and construction (EPC) contracts in the emirate’s oil and gas sector is set to see a huge...

Extensive plans to shift the focus of Oman’s oil export capacity away from the crowded Gulf waterways are gathering pace, led by the establishment of the newly-formed Oman Tank Terminal Company which will build, own and operate a huge storage facility positioned along the Sultanate’s eastern coast.

With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving. 

While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.

Chapter | Utilities from The Report: Abu Dhabi 2013

With rapid population growth and an increasingly diverse economy, demand for utilities – including electricity, water and wastewater services – has grown considerably in recent years. The sector will need to continue expanding at around 6-10% to meet growing water and electricity demand, meaning that utilities provision remains a top priority. Furthermore, while the vast majority of Abu Dhabi’s...

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