UAE oil-output capacity plans on schedule

The United Arab Emirates remains on schedule to boost crude oil production capacity to 3.5 million b/d by 2017 from 2.7 million b/d at present, according to the federation’s energy minister.

In response to questions from reporters at the POWER-GEN Middle East conference in Abu Dhabi, Suhail bin Mohammed Faraj Al Mazroui said investments in production capacity growth continue without delay despite the slump in crude prices.

Mazroui also said the UAE is investing $35 billion in nuclear, wind, and solar projects to lower its reliance on natural gas.

Although production is high—totaling about 1.9 tcf of dry gas in 2013, according to the US Energy Information Administration—the UAE became a net importer of gas in 2008 because of heavy usage for oil field injection and power generation.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...