United Arab Emirates Oil And Gas Market

UAE oil and gas market, worth USD 112 billion, thrives on hydrocarbon reserves, investments in recovery tech, and UAE Energy Strategy 2050 for clean energy mix.

Region:Middle East

Author(s):Geetanshi

Product Code:KRAD0042

Pages:89

Published On:August 2025

About the Report

Base Year 2024

United Arab Emirates Oil And Gas Market Overview

  • The United Arab Emirates Oil and Gas Market is valued at approximatelyUSD 112 billion, based on a five-year historical analysis. This growth is primarily driven by the country's vast hydrocarbon reserves, substantial investments in advanced recovery technologies, and a strong focus on energy diversification. The UAE’s robust oil production capacity and expanding natural gas output have significantly contributed to its economic stability and growth, reinforcing its position as a key player in the global energy market .
  • Abu Dhabi and Dubai are the dominant cities in the UAE's oil and gas market. Abu Dhabi, with its substantial oil reserves and large-scale production facilities, serves as the backbone of the UAE's energy sector. Dubai, on the other hand, plays a crucial role in refining, storage, and distribution, leveraging its strategic location and advanced infrastructure to facilitate trade and logistics in the oil and gas industry .
  • The UAE government has implemented the "UAE Energy Strategy 2050," which aims to increase the contribution of clean energy to the total energy mix. This strategy includes investments of AED 600 billion to enhance energy efficiency and promote renewable energy sources, thereby reducing the carbon footprint of the oil and gas sector while ensuring sustainable growth .
United Arab Emirates Oil And Gas Market Size

United Arab Emirates Oil And Gas Market Segmentation

By Sector:The market is segmented by sector into upstream, midstream, and downstream activities. Theupstream sectorincludes exploration, drilling, and production, and is critical for the extraction of oil and gas resources. Themidstream sectorcovers transportation, storage, and processing, including LNG terminals, ensuring efficient movement and handling of hydrocarbons. Thedownstream sectorinvolves refining, petrochemicals, distribution, and marketing of oil and gas products, supporting both domestic consumption and export .

United Arab Emirates Oil And Gas Market segmentation by Sector.

By Product Type:The market is also segmented by product type, including crude oil, natural gas, refined petroleum products, petrochemicals, and liquefied natural gas (LNG).Crude oilremains the primary product, supported by the UAE’s significant reserves and export capacity.Natural gasis gaining importance due to its role in power generation and industrial applications.Refined petroleum productsandpetrochemicalsare essential for both domestic and international markets, whileLNGis increasingly relevant for export and energy diversification strategies .

United Arab Emirates Oil And Gas Market segmentation by Product Type.

United Arab Emirates Oil And Gas Market Competitive Landscape

The United Arab Emirates Oil And Gas Market is characterized by a dynamic mix of regional and international players. Leading participants such as Abu Dhabi National Oil Company (ADNOC), Emirates National Oil Company (ENOC), Dubai Petroleum, Mubadala Energy, Sharjah National Oil Corporation (SNOC), ExxonMobil Corporation, BP PLC, TotalEnergies SE, Shell plc, Eni S.p.A., China National Petroleum Corporation (CNPC), Schlumberger Limited, Halliburton Company, Al Masaood Oil Industry Supplies & Services Co. LLC, and Expro Group contribute to innovation, geographic expansion, and service delivery in this space .

Abu Dhabi National Oil Company (ADNOC)

1971

Abu Dhabi, UAE

Emirates National Oil Company (ENOC)

1993

Dubai, UAE

Dubai Petroleum

1963

Dubai, UAE

Mubadala Energy

2012

Abu Dhabi, UAE

Sharjah National Oil Corporation (SNOC)

2010

Sharjah, UAE

Company

Establishment Year

Headquarters

Segment Presence (Upstream, Midstream, Downstream)

Annual Revenue (USD Billion)

Production Volume (Barrels of Oil Equivalent per Day)

Reserve Replacement Ratio (%)

Market Share (%)

Capital Expenditure (CAPEX)

United Arab Emirates Oil And Gas Market Industry Analysis

Growth Drivers

  • Increasing Global Energy Demand:The global energy demand is projected to reach 600 exajoules in future, driven by population growth and industrialization, particularly in Asia. The UAE, as a leading oil producer, is positioned to meet this demand, with its production capacity expected to exceed 4 million barrels per day. This demand surge is supported by the International Energy Agency's forecast of a 1.5% annual increase in global oil consumption, reinforcing the UAE's strategic role in the energy market.
  • Technological Advancements in Extraction:The UAE is investing heavily in advanced extraction technologies, including enhanced oil recovery (EOR) methods, which can increase recovery rates by up to 30%. In future, the UAE's oil production is expected to benefit from these innovations, with an estimated 1.5 million barrels per day attributed to EOR techniques. This technological shift not only boosts production efficiency but also reduces operational costs, making the UAE's oil sector more competitive globally.
  • Strategic Government Investments:The UAE government has allocated over $160 billion for infrastructure and energy projects in future, focusing on oil and gas sector enhancements. This investment aims to modernize facilities and expand exploration activities, with the Abu Dhabi National Oil Company (ADNOC) targeting a production increase of 1 million barrels per day in future. Such strategic investments are crucial for maintaining the UAE's position as a top oil exporter amid evolving market dynamics.

Market Challenges

  • Volatility in Oil Prices:The UAE oil market faces significant challenges due to price volatility, with Brent crude prices fluctuating between $40 and $80 per barrel in recent years. This unpredictability affects revenue stability, as oil exports account for approximately 30% of the UAE's GDP. In future, continued geopolitical tensions and OPEC+ production decisions are expected to exacerbate this volatility, impacting investment and operational planning in the sector.
  • Environmental Regulations:Stricter environmental regulations are emerging as a challenge for the UAE oil and gas sector. The UAE government aims to reduce greenhouse gas emissions by 30% in future, necessitating significant investments in cleaner technologies. Compliance with these regulations may require an estimated $10 billion in additional spending in future, impacting profit margins and operational strategies for oil companies operating in the region.

United Arab Emirates Oil And Gas Market Future Outlook

The UAE oil and gas market is poised for transformation, driven by a combination of technological advancements and a shift towards sustainability. As the government prioritizes renewable energy integration, the oil sector will increasingly adopt cleaner technologies. Additionally, the focus on local content and collaboration with international firms will enhance operational efficiencies. In future, these trends are expected to create a more resilient market, positioning the UAE as a leader in both traditional and renewable energy sectors.

Market Opportunities

  • Renewable Energy Integration:The UAE's commitment to generating 50% of its energy from renewable sources by 2050 presents significant opportunities for oil and gas companies. In future, investments in solar and wind projects are expected to exceed $20 billion, allowing traditional energy firms to diversify their portfolios and enhance sustainability efforts.
  • Enhanced Oil Recovery Techniques:The adoption of enhanced oil recovery (EOR) techniques is projected to unlock an additional 1.5 billion barrels of oil in the UAE in future. This presents a lucrative opportunity for companies to invest in EOR technologies, which can significantly increase production efficiency and extend the life of existing oil fields, ensuring long-term profitability.

Scope of the Report

SegmentSub-Segments
By Sector

Upstream (Exploration, Drilling, Production)

Midstream (Transportation, Storage, LNG Terminals)

Downstream (Refining, Petrochemicals, Distribution, Marketing)

By Product Type

Crude Oil

Natural Gas

Refined Petroleum Products

Petrochemicals

Liquefied Natural Gas (LNG)

By Application

Power Generation

Transportation

Industrial

Residential & Commercial

Others

By Region

Abu Dhabi

Dubai

Sharjah

Northern Emirates

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Energy and Infrastructure, Abu Dhabi National Oil Company)

Oil and Gas Exploration and Production Companies

Refining and Petrochemical Companies

Energy Service Providers

Pipeline and Infrastructure Developers

Environmental and Sustainability Organizations

Trade Associations and Industry Groups

Players Mentioned in the Report:

Abu Dhabi National Oil Company (ADNOC)

Emirates National Oil Company (ENOC)

Dubai Petroleum

Mubadala Energy

Sharjah National Oil Corporation (SNOC)

ExxonMobil Corporation

BP PLC

TotalEnergies SE

Shell plc

Eni S.p.A.

China National Petroleum Corporation (CNPC)

Schlumberger Limited

Halliburton Company

Al Masaood Oil Industry Supplies & Services Co. LLC

Expro Group

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. United Arab Emirates Oil And Gas Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 United Arab Emirates Oil And Gas Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. United Arab Emirates Oil And Gas Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Global Energy Demand
3.1.2 Technological Advancements in Extraction
3.1.3 Strategic Government Investments
3.1.4 Diversification of Energy Sources

3.2 Market Challenges

3.2.1 Volatility in Oil Prices
3.2.2 Environmental Regulations
3.2.3 Geopolitical Tensions
3.2.4 Aging Infrastructure

3.3 Market Opportunities

3.3.1 Renewable Energy Integration
3.3.2 Enhanced Oil Recovery Techniques
3.3.3 Expansion of Natural Gas Markets
3.3.4 Investment in Smart Technologies

3.4 Market Trends

3.4.1 Shift Towards Sustainability
3.4.2 Digital Transformation in Operations
3.4.3 Increased Focus on Local Content
3.4.4 Collaboration with International Firms

3.5 Government Regulation

3.5.1 Emission Reduction Targets
3.5.2 Local Content Requirements
3.5.3 Licensing and Exploration Regulations
3.5.4 Safety and Environmental Standards

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. United Arab Emirates Oil And Gas Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. United Arab Emirates Oil And Gas Market Segmentation

8.1 By Sector

8.1.1 Upstream (Exploration, Drilling, Production)
8.1.2 Midstream (Transportation, Storage, LNG Terminals)
8.1.3 Downstream (Refining, Petrochemicals, Distribution, Marketing)

8.2 By Product Type

8.2.1 Crude Oil
8.2.2 Natural Gas
8.2.3 Refined Petroleum Products
8.2.4 Petrochemicals
8.2.5 Liquefied Natural Gas (LNG)

8.3 By Application

8.3.1 Power Generation
8.3.2 Transportation
8.3.3 Industrial
8.3.4 Residential & Commercial
8.3.5 Others

8.4 By Region

8.4.1 Abu Dhabi
8.4.2 Dubai
8.4.3 Sharjah
8.4.4 Northern Emirates

9. United Arab Emirates Oil And Gas Market Competitive Analysis

9.1 Market Share of Key Players(Micro, Small, Medium, Large Enterprises)

9.2 KPIs for Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Segment Presence (Upstream, Midstream, Downstream)
9.2.3 Annual Revenue (USD Billion)
9.2.4 Production Volume (Barrels of Oil Equivalent per Day)
9.2.5 Reserve Replacement Ratio (%)
9.2.6 Market Share (%)
9.2.7 Capital Expenditure (CAPEX)
9.2.8 Operational Efficiency (OPEX per Barrel)
9.2.9 Return on Assets (ROA)
9.2.10 Sustainability/ESG Score

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis(By Class and Payload)

9.5 Detailed Profile of Major Companies

9.5.1 Abu Dhabi National Oil Company (ADNOC)
9.5.2 Emirates National Oil Company (ENOC)
9.5.3 Dubai Petroleum
9.5.4 Mubadala Energy
9.5.5 Sharjah National Oil Corporation (SNOC)
9.5.6 ExxonMobil Corporation
9.5.7 BP PLC
9.5.8 TotalEnergies SE
9.5.9 Shell plc
9.5.10 Eni S.p.A.
9.5.11 China National Petroleum Corporation (CNPC)
9.5.12 Schlumberger Limited
9.5.13 Halliburton Company
9.5.14 Al Masaood Oil Industry Supplies & Services Co. LLC
9.5.15 Expro Group

10. United Arab Emirates Oil And Gas Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Ministry of Energy and Infrastructure
10.1.2 Ministry of Climate Change and Environment
10.1.3 Ministry of Finance

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Energy Sector Investments
10.2.2 Infrastructure Development Budgets
10.2.3 Public Sector Expenditure Trends

10.3 Pain Point Analysis by End-User Category

10.3.1 Industrial Sector Challenges
10.3.2 Government Sector Needs
10.3.3 Residential Consumer Concerns

10.4 User Readiness for Adoption

10.4.1 Awareness of New Technologies
10.4.2 Financial Readiness
10.4.3 Regulatory Compliance Understanding

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Performance Metrics Evaluation
10.5.2 Long-term Sustainability Assessment
10.5.3 Expansion Opportunities

11. United Arab Emirates Oil And Gas Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework

1.3 Value Proposition Development

1.4 Competitive Landscape Analysis


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs

2.3 Target Market Segmentation

2.4 Communication Strategies


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups

3.3 Logistics and Supply Chain Management

3.4 Distribution Channel Optimization


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands Analysis

4.3 Competitive Pricing Strategies

4.4 Customer Feedback Integration


5. Unmet Demand & Latent Needs

5.1 Category Gaps Identification

5.2 Consumer Segments Analysis

5.3 Future Demand Projections

5.4 Innovation Opportunities


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-sales Service Enhancements

6.3 Customer Engagement Strategies

6.4 Feedback Mechanisms


7. Value Proposition

7.1 Sustainability Initiatives

7.2 Integrated Supply Chains

7.3 Customer-Centric Solutions

7.4 Competitive Advantages


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding Initiatives

8.3 Distribution Setup

8.4 Operational Efficiency Improvements


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix Considerations
9.1.2 Pricing Band Analysis
9.1.3 Packaging Strategies

9.2 Export Entry Strategy

9.2.1 Target Countries Identification
9.2.2 Compliance Roadmap Development

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model Evaluation


11. Capital and Timeline Estimation

11.1 Capital Requirements Analysis

11.2 Timelines for Implementation

11.3 Financial Projections


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships

12.2 Risk Management Strategies

12.3 Control Mechanisms


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-term Sustainability Assessment

13.3 Profit Margin Projections


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Milestone Planning
15.2.2 Activity Tracking
15.2.3 Performance Evaluation

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of government reports and publications from the UAE Ministry of Energy and Infrastructure
  • Review of industry reports from the UAE Federal Competitiveness and Statistics Authority
  • Examination of market trends and forecasts from international energy agencies and consultancy firms

Primary Research

  • Interviews with executives from major oil and gas companies operating in the UAE
  • Surveys conducted with industry experts and analysts specializing in the Middle Eastern energy sector
  • Field interviews with engineers and project managers involved in oil and gas exploration and production

Validation & Triangulation

  • Cross-validation of data through multiple sources including trade publications and financial reports
  • Triangulation of findings from primary interviews with secondary data insights
  • Sanity checks through expert panel discussions and feedback sessions

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total market size based on national oil production and export statistics
  • Segmentation of the market by upstream, midstream, and downstream activities
  • Incorporation of government initiatives and investments in renewable energy sources

Bottom-up Modeling

  • Collection of operational data from leading oil and gas firms regarding production volumes
  • Cost analysis based on project budgets and capital expenditures in the sector
  • Volume and pricing analysis for crude oil and natural gas sales

Forecasting & Scenario Analysis

  • Multi-variable regression analysis incorporating global oil prices and demand forecasts
  • Scenario modeling based on geopolitical factors and OPEC production decisions
  • Development of baseline, optimistic, and pessimistic market projections through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Upstream Oil Production100Production Managers, Geologists
Midstream Transportation and Storage60Logistics Coordinators, Operations Directors
Downstream Refining and Distribution70Refinery Managers, Supply Chain Analysts
Natural Gas Sector50Gas Plant Operators, Regulatory Affairs Specialists
Renewable Energy Initiatives40Sustainability Managers, Project Developers

Frequently Asked Questions

What is the current value of the United Arab Emirates oil and gas market?

The United Arab Emirates oil and gas market is valued at approximately USD 112 billion, driven by significant hydrocarbon reserves, advanced recovery technologies, and a focus on energy diversification, contributing to the country's economic stability and growth.

Which cities are the main players in the UAE oil and gas market?

What is the UAE Energy Strategy 2050?

What are the main sectors of the UAE oil and gas market?

Why Buy From Us?

Refine Robust Result (RRR) Framework
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follow Robust, Refine and Result (RRR) methodology. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents' facts and opinions, and Result for presenting data with story.

Our Reach Is Unmatched
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Shifting the Research Paradigm
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

More Insights-Better Decisions
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Transparency and Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

Round the Clock Support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Clients Choose Us?

400000+
Reports in repository
150+
Consulting projects a year
100+
Analysts
8000+
Client Queries in 2022