Energy Outlook Q1 2012


BY His Excellency Mohamed Bin Dhaen Al Hamli United Arab Emirates Minister of Energy

  • January-01-2012

The outlook for the international energy industry in 2012 is clouded by uncertainty with ongoing concerns about economic growth, energy consumption and global financial stability.

Notwithstanding these issues, the United Arab Emirates continues to invest heavily in oil and gas production. Over the years, oil and gas has become more challenging to produce. The UAE has embraced this challenge and has been developing increasingly complex fields such as ultra-sour gas reservoirs among others.
More than ever, the UAE is looking for partnerships with international companies - oil majors, service companies and technology suppliers – that are able to help the Nation develop new projects, which will enable it to continue supplying oil and gas to international markets.