Labworx

In anticipation of the first public offering of the Abu Dhabi National Oil Company (ADNOC)’s Distribution arm on the stock market this month, the company have published information about how they regulate their fuel prices in the country. Since August 2015, prices have been set afresh each month according to recommendations made by the Retail Pricing Committee.

This Committee, which is chair...

The UAE has announced it will target the expansion of its oil production capacity to five million barrels per day (bpd) three years sooner than previously expected. Originally slated to come into effect in 2030, the board of the Abu Dhabi National Oil Company (ADNOC), which is the state-owned oil company, has revealed it will now do so by 2027 instead.

The reason for bringing forward the exp...

The UAE’s plans to expand its oil production capacity from four million barrels per day (bpd) today to five million bpd by 2030 are continuing apace. Last month, the state-owned oil company ADNOC announced that it had awarded multiple contracts worth a cumulative $653 million to a variety of different companies operating in the industry.

Those deals will allow the UAE to drill thousands of n...

The UAE is making steady progress towards its twin goals of expanding its oil production capacities and enhancing its environmental credentials on the international stage. Although the objectives might seem to be at loggerheads with one another, the UAE is confident that it can attain its long-term target of a net-zero economy by 2050, even as it relies on fossil fuels for a significant part of...

The UAE is a chief trading hub for oils and lubricants in the Middle East, according to an experienced industry insider. Although the UAE’s capacity for lubricant production is dwarfed by some other nations around the globe and it consumes a far smaller volume of the product than its counterparts, it is still a major player in trading, storage and distribution.

This is largely due to the cou...

p>The Abu Dhabi Crude Oil Pipeline – alternatively known as the Habshan-Fujairah pipeline or simply as ADCOP – is an oil pipeline located in the UAE. Built between 2008 and 2011, the pipeline became operational in June 2012 and pumps raw product from the Habshan oil fields located in the emirate of Abu Dhabi to the refinery and port terminal located at Fujairah.

Capable of processing around ...

According to recent figures, the UAE is the seventh biggest producer of petroleum and other crude oil liquids in the world. Capable of producing around four million barrels of oil per day, the UAE is somewhat unique on the list of major oil producing nations in that it has a relatively small population of 9.2 million.

This means that it is the third highest per-capita producer of oil in the ...

The UAE is planning to launch an offshore bid round next in the emirate of Sharjah, even as onshore drilling continues in the same authority. The Sharjah National Oil Company (SNOC), working in partnership with Italian energy major Eni, made the first major discovery of reserves in 2020 and began drilling operations a year later – but now, SNOC wishes to expand upon that promising development.

The multinational Indian conglomerate Reliance Industries has announced it will invest $2 billion into the construction of a petrochemical plant in the UAE. The partnership has been some years in the making and will see Reliance work alongside the Abu Dhabi National Oil Company (ADNOC) to develop the latter’s downstream sector capabilities.

In particular, this is expected to focus on the pro...

The UAE has announced that it has reached an agreement with Japan for the export of its first batch of blue ammonia to the far eastern country. The deal has been struck between the state-owned Abu Dhabi National Oil Company (ADNOC), its Dutch partner OCI NV and Japanese firm Itochu Corporation.

Although the deal is expected to be the first of many, no facts, figures or exact timelines were r...