UAE—all hands on deck
The country is adopting a new energy identity which gives emirates, other than kingpin Abu Dhabi, greater and more diverse roles
Six emirates united under the UAE flag at a time when towns were slowly emerging from empty desert, caravans of camels decorated the horizon and agents of foreign energy firms examined dog-eared maps on the heated bonnets of their 4x4s. Since that day in December 1971, the energy paths of Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah and Umm al-Quwain have differed hugely. Ras al-Khaimah joined the UAE a year later. For nearly half a century, Abu Dhabi, and Dubai to a lesser extent, took the lead in fossil-fuel production and consumption. But now the playing field is beginning to level out as other emirates leverage their natural resources. Three key triggers are spurring change. The first is t
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment