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...
One of the most significant priorities for Abu Dhabi’s energy industry over the coming years will be to increase gas production to meet rising demand from a range of sectors. This also requires substantial investments in gas infrastructure, including in gas processing, transit and import facilities.
One of the main goals of Abu Dhabi’s development strategy is to increase high-skilled employment among Emiratis, while another is strengthening local research and development (R&D), to boost innovation and value-added. Thus, development of the skills for the hydrocarbons sector is key. Abdul Munim Saif Al Kindy, deputy chairman of the Petroleum Institute (PI), told...
Even though substantial new oil discoveries are not expected in the near future, the Abu Dhabi National Oil Company (ADNOC) is working to increase daily production at existing fields. As a result, the company and its partners are focusing on increasing production from existing fields, particularly offshore.
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...
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....
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