UNITED ArAB EMIrATES
Doing Business in the United Arab Emirates
Dubai remains deeply involved in the petroleum sector, primarily as a hub for oil trading and energy services. The port of Jebel Ali handles a large part of the UAE’s trade in refined petroleum products and can accommodate tankers of up to 80,000 tonnes capacity. A number of international oil companies maintain regional offices in Dubai, as do major companies providing services to the energy sector. Northern Emirates The other five emirates also have minor amounts of oil and gas production. Crescent Petroleum, a private-sector Sharjah company, produces oil from the Mubarak field in the Gulf, near Abu Musa Island, but the field has been in decline for some time. Crescent and Dana Gas, a Sharjah affiliate, are also developing an offshore gas field located in territorial waters shared by Sharjah and Ajman. Dana and Emarat, a Dubai marketer of petroleum products, have jointly developed a common-user gas pipeline to serve Sharjah customers.
In 2009 the company and its partners produced about 10 million scfd (standard ft³ per day) of gas and associated liquids from the Bukha field, located in Omani territorial waters off the Musandam peninsula. The development of the nearby West Bukha field, which produces about 8000 bpd of oil and 20 million scfd of associated gas, was also completed that year by a group including RAK Petroleum. Fujairah Fujairah does not produce oil or gas, although an onshore exploration programme is currently under way. However, the world's second largest bunkering port is located on its coast. The port of Fujairah, on the Arabian Sea, handles about one million tonnes per month of marine transportation fuel and other oil products. The arrival of gas imports through the Dolphin Energy pipeline from Qatar has facilitated power and water development in the emirate and stimulated local industry.
Umm al-Qaiwain Gas production from the Atlantis field offshore Umm al-Qaiwain began in 2008. A unit of China's Sinochem is developing the deposit and sending as much as 92 million scfd of liquids-rich gas through an undersea pipeline to a Ras Al-Khaima processing plant operated by the Government-owned Ra's al-Khaimah Gas Commission, or RAK Gas.
The International Petroleum Investment Company (IPIC), owned by the Abu Dhabi Government, has built a strategic crude oil pipeline delivering up to 150,000 bpd of oil from Abu Dhabi's Habshan onshore fields to an export terminal in Fujairah. The project supplies an export route for Abu Dhabi crude that bypasses the Gulf's maritime choice point at the Strait of Harmuz. IPIC is also developing an oil refinery and storage facilities at the Fujairah port.
Ras Al-Khaimah RAK Petroleum, a private-sector Ras Al-Khaimah company, holds interests in oil and gas concessions in Sharjah, the Sultanate of Oman and its home emirate.
The UAE provides opportunities for international oil and gas companies to operate on both downstream and upstream operations. Some of the major international companies working in the
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