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Author: The Emirates Center for Strategic Studies and Research Publisher: Emirates Center for Strategic Studies and Research ISBN: Category : Political Science Languages : en Pages : 240
Book Description
The United Arab Emirates (UAE) is one of the world’s major oil-producing countries. A member of the Organization of the Petroleum Exporting Countries (OPEC) and of the Organization of Arab Petroleum Exporting Countries (OAPEC), the UAE has estimated recoverable oil reserves of around 97 billion barrels, of which the emirate of Abu Dhabi alone accounts for around 92.2 billion barrels. The petroleum experience of Abu Dhabi has been varied and extensive. The structure of the industry has developed from the original concession arrangements through to the establishment of the Abu Dhabi National Oil Company (ADNOC) in 1971 and its subsidiaries. During this transformation of the industry in Abu Dhabi, the legal framework governing the development of petroleum resources in the emirate has evolved, as has the tax system applicable to operating companies, the means of dispute resolution, and the overall organizational structure of the industry. The structure of the Abu Dhabi oil industry is built around the Abu Dhabi National Oil Company (ADNOC), which has rapidly assumed the role of a link between government institutions--which establish petroleum policy--and the operating companies that are responsible for executing approved projects. ADNOC is responsible for the implementation of all aspects of the oil policy of the emirate of Abu Dhabi. As the principal producer of oil and gas in the UAE, ADNOC’s position in the industry is central. Atef Suleiman is uniquely qualified to assess the role of ADNOC, and he here examines the nature of its operations, and explores its ability to innovate and develop in order to successfully ride the new trends in the oil industry.
Author: United Arab Emirates (U.A.E.). Ministry of Oil and Mineral Wealth. Public Relations Department Publisher: ISBN: Category : Petroleum industry and trade Languages : en Pages : 154
Author: David Heard Publisher: ISBN: 9783959941761 Category : Business & Economics Languages : en Pages : 0
Book Description
This book is about the experiences of the pioneers who visited the Trucial Coast on behalf of the Iraq Petroleum Company (IPC) subsidiary. These men were the first foreigners to carry out surveys in the barren mountains of the north of the Trucial States and the sand dune desert of Abu Dhabi. This book and all subsequent volumes are based on the oil company files which contain the reports and correspondence of these pioneers. From Pearls to Oil briefly introduces the reader to the early history of the oil industry in the Middle East. In those days, the 1930s, the industry was dominated by the Anglo Iranian Oil Company, operating only in Iran, and the Iraq Petroleum Company (IPC), operating in much of Arabia with the exception of Bahrain, Kuwait and much of Saudi Arabia. With rare photographs and maps alongside the author's in-depth narrative, this book is essential reading for scholars, residents and visitors interested in the history of the United Arab Emirates.
Author: Atef Suleiman Publisher: Emirates Center for Strategic Studies and Research ISBN: Category : Antiques & Collectibles Languages : en Pages : 27
Book Description
The United Arab Emirates (UAE) is one of the world’s major oil-producing countries. A member of the Organization of the Petroleum Exporting Countries (OPEC) and of the Organization of Arab Petroleum Exporting Countries (OAPEC), the UAE has estimated recoverable oil reserves of around 97 billion barrels, of which the emirate of Abu Dhabi alone accounts for around 92.2 billion barrels. The petroleum experience of Abu Dhabi has been varied and extensive. Over the years, the structure of the industry has slowly developed, from the original concession arrangements through to the establishment of the Abu Dhabi National Oil Company (ADNOC) and its subsidiaries. During this transformation of the industry in Abu Dhabi, the legal framework governing the development of petroleum resources in the emirate has evolved, as has the tax system applicable to operating companies, the means of dispute resolution, and the overall organizational structure of the industry. Of the seven emirates comprising the UAE, Abu Dhabi possesses the largest oil and gas reserves and is the principal producer. Despite periodic discoveries in the smaller emirates, Abu Dhabi will continue to dominate the oil scene in the UAE in terms of production and reserves. The emirate is continuing to make new finds, is discovering new structures in existing fields and has the ability to sustain relatively high levels of long-term production at its old fields by using improved recovery techniques. At the 2004 rate of production of 1,955,000 barrels per day (bpd), Abu Dhabi oil reserves give the emirate a reserve production ratio of 129 years. In 2005, Abu Dhabi stepped up its crude oil output to 2.24 million barrels per day (mbpd), not counting some 250,000 bpd of condensate. The gas reserves of Abu Dhabi are presently estimated at 198.5 trillion cubic feet (tcf). The structure of the Abu Dhabi oil industry is built around the Abu Dhabi National Oil Company (ADNOC). Since its establishment in 1971, ADNOC has rapidly assumed the role of a link between government institutions – which establish petroleum policy – and the operating companies that are responsible for executing approved projects. ADNOC is entrusted with the implementation of all aspects of the oil policy of the emirate of Abu Dhabi. Owing to the growing importance of gas as a source of energy, natural gas production and processing facilities continue to expand rapidly in Abu Dhabi. The emirate already possesses one of the world’s largest non-associated gas reservoirs in the Khuff formation beneath the Umm Shaif oil field. In addition, onshore and offshore associated and non-associated gas fields are being developed to meet rising domestic demand and provide feedstock for export projects. Major programs are currently being implemented in Abu Dhabi to expand gas recovery, processing, liquefaction and export capacities. Furthermore, a number of new discoveries have been made in recent years of both associated and non-associated gas, boosting the emirate’s reserves substantially. ADNOC has proved that it is capable of taking positive initiatives, is open to new concepts and technological innovations and has introduced many changes in its different operations and activities. ADNOC can be expected to continue making successive improvements to its operations and to successfully ride the new trends in the oil industry.
Author: Bianca Sarbu Publisher: Routledge ISBN: 1317695437 Category : Technology & Engineering Languages : en Pages : 178
Book Description
Ownership and Control of Oil examines government decisions about how much control to exert over the petroleum industry, focusing on the role of National Oil Companies in the production of crude oil since the nationalizations in the 1970s. What are the motives for which some producing states opt for less and NOT more control of their oil production sector? When can International Oil Companies enter the upstream industry of producing states and under what conditions? The diversity of policy choices across producers provides the stage for this investigation: different theoretical explanations are confronted, with the empirical evidence, with the aim of finally proposing an interdisciplinary framework of analysis to explain who controls oil production around the world. This book is intended for both specialists and general readers who have an interest in the issue of government control of the petroleum industry. Due to its multidisciplinary approach, the book is aimed at a large academic public composed of scholars of Political Science, International Political Economy, Comparative Politics, and Middle East Area Studies. Moreover, this book should be relevant to international consultants, industry professionals and decision-makers in countries assessing their experience with existing control structures as well as the many countries in the process of joining the ‘petroleum club’ of oil producing nations.
Author: Atif Kubursi Publisher: Routledge ISBN: 1317592948 Category : Social Science Languages : en Pages : 118
Book Description
Were oil supplies everlasting and the demand for oil strong and continuous, economic diversification in the Gulf would be pointless. However oil reserves are finite and non-renewable and the world demand for oil from the Gulf region is simply not stable. Collectively the countries of the Gulf face the striking prospect that unless priorities and plans are set with care the gestation period of their economic development may be longer than the expected life of their hydrocarbon resources. This book examines just that threat. It considers the opportunities available to the Gulf states for accumulating sufficient productive capital in the non-oil sectors of their economy to offset the drawing down of oil reserves. The book pays particular attention to the possibilities of development through cooperation not only within the Gulf Cooperation Council but also within the larger Arab region and the Third World as a whole. It concludes with a critical review of the main challenges that these economies are facing and are likely to face in the near future with special emphasis on their major problems and failures. First published in 1984.