Energy in United Arab Emirates

  • Ambitious federal targets set to reshape Sharjah’s long-term energy mix

    UNITED ARAB EMIRATES, 2017/04/16 Sharjah is looking to improve energy efficiency and increase renewable power production as part of a UAE-wide drive towards cleaner energy. In early January Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai, unveiled the UAE Energy Plan 2050, which aims to increase clean energy usage by 50% and improve energy efficiency by 40%. Moves to boost the use of renewable sources, nuclear power and clean fossil fuels in power generation will be funded by a federal government investment of Dh600bn ($163.4bn) over the next 33 years, equating to an annual spend of additional than Dh17bn ($4.6bn). This is expected to translate to a 70% reduction in carbon dioxide emissions and savings worth Dh700bn ($190.6bn).

  • UAE leads energy investment

    UNITED ARAB EMIRATES, 2013/07/20 With the UAE pressing ahead with a plan to boost crude oil production capacity to 3.5 million barrels per day (bpd) by 2017, the country retained its position in the Middle East as the biggest spender in oil and gas sector. In the second quarter, the UAE continued to lead the Mena region in price of contracts awarded in the oil and gas sector with Zakum Development Company awarding a huge $3.7 billion arrangement on the development of the offshore Upper Zakum field. The arrangement is additional than 50 % of the total $6.7 billion worth of engineering, procurement and construction (EPC) deals awarded so far in the region in the second quarter of 2013, according to Middle East projects trackers Meed Projects.

  • President Cristina Fernandez Kirchner and UAE president Khalifa bin Zayed

    ARGENTINA, 2013/01/17 The bilateral agreement was signed by UAE Foreign minister Abdullah bin Zayed Al Nahyan and his Argentine counterpart Hector Timmerman, at a ceremony witnessed by President Cristina Fernandez Kirchner and UAE president Khalifa bin Zayed al Nahyan. The transaction makes Argentina the ninth country to have signed nuclear ties with the UAE.
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