United Arab Emirates Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
United Arab Emirates Oil & Gas Report

The United Arab Emirates Oil & Gas Report

The United Arab Emirates Oil & Gas Report has been researched at source in 2008, and features latest available data and forecasts for the United Arab Emirates to end- covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in the United Arab Emirates, refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within the United Arab Emirates.

Business Monitor International's the United Arab Emirates Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Emirati oil and gas industry.

Key Benefits of Report

Coverage

Executive Summary

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand, refining, coal and power, and primary energy, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.

Business Environment Rankings

A unique comparative study undertaken by BMI on the relative business climates across all regional markets covered. A rankings table highlights the merits of each market from an investor angle, giving scores for indicators such as Oil & Gas Supply and Demand Growth, Oil & Gas Reserves, Licensing Framework and the local Competitive Environment, as well as Economic and Political Risk.

Oil Market Outlook

BMI analyses and forecasts oil prices out to , monitoring supply and demand in terms of oil production and consumption across the region.

BMI 10-Year Industry Forecast

Historic data series and 10-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

BMI 10-Year Macroeconomic Forecast

BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape & Rankings

Comparative company analyses and rankings by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, oil production (‘000 b/d) and % market share, downstream capacity (‘000 b/d) and % market share.

Company Profiles & SWOTS

Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects.

United Arab Emirates Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Table of Contents

Chapter - Executive Summary

SWOT Analysis
United Arab Emirates Political SWOT
United Arab Emirates Economic SWOT
United Arab Emirates Business Environment SWOT

Chapter - UAE Energy Market Overview

Global Oil Market Outlook
Storing Up Trouble
Revised Forecasts

Chapter - Global Oil Market Review

One-Way Traffic
Table: Global Oil Consumption (000b/d)
12-Month Demand Outlook
Table: Global Oil Production (000b/d)
12-Month Supply Outlook
Longer-Term Supply And Demand
Oil Price Assumptions
Table: Crude Price Assumptions 2008/2009
Table: Oil Price Forecasts

Chapter - Global Oil Products Price Outlook

Table: Oil Product Price Assumptions 2009 (US$/bbl)
Table: Oil Product Price Forecasts (US$/bbl)

Chapter - Global Oil Products Market Review

Regional Market Overview
Oil Supply And Demand
Table: Middle East Oil Consumption (000b/d)
Table: Middle East Oil Production (000b/d)
Oil: Downstream
Table: Middle East Oil Refining Capacity (000b/d)
Gas Supply And Demand
Table: Middle East Gas Consumption (bcm)
Table: Middle East Gas Production (bcm)
Liquefied Natural Gas
Table: Middle East LNG Exports/(Imports) (bcm)

Chapter - Business Environment Ranking

Middle East Region
Composite Scores
Regional Upstream Business Environment Rating
Table: Regional Downstream Business Environment Rating
Upstream Scores
Downstream Scores
UAE Upstream Rating – Overview
UAE Upstream Rating – Potential Returns
UAE Upstream Rating – Risks to Potential Returns
UAE Downstream Rating – Overview
UAE Downstream Rating – Potential Returns
UAE Downstream Rating – Risks to Potential Returns

Chapter - Business Environment

Legal Framework
Infrastructure
Labour Force
Foreign Investment Policy
Tax Regime

Chapter - Industry Forecast Scenario

Oil and Gas Reserves
Oil Supply and Demand
Gas Supply and Demand
LNG
Refining and Oil Products Trade
Revenues/Import Costs
Table: UAE Oil & Gas – Historical Data & Forecasts
Other Energy
Table: UAE Other Energy – Historical Data & Forecasts
Key Risks To BMI's Forecast Scenario
Long-Term Oil & Gas Outlook

Chapter - Macroeconomic Outlook

Table: United Arab Emirates - Economic Activity

Chapter - Competitive Landscape

Table: Key Domestic & Foreign Companies In The UAE Oil And Gas Sector
Overview/State Role
Table: Key Upstream Players
Table: Key Downstream Players

Chapter - Company Monitor

Abu Dhabi National Oil Company (ADNOC)
Dolphin Energy Ltd (DEL)
Emarat – Emirates General Petroleum Corporation
Emirates National Oil Company Limited (ENOC)
BP – Summary
Total – Summary
ConocoPhillips – Summary
ExxonMobil – Summary
Shell – Summary
Dana Gas – Summary
Occidental Petroleum – Summary
Cosmo Oil – Summary

Chapter - Glossary of Terms

Oil & Gas Ratings: Revised Methodology
Introduction
Ratings Overview
Table: BMI Oil & Gas Business Environment Ratings: Structure
Indicators
Table: BMI Oil & Gas Business Environment Upstream Ratings: Methodology
Table: BMI Oil & Gas Business Environment Downstream Ratings: Methodology

Chapter - Oil & Gas Outlook: Long-Term Forecasts

Global Oil Demand
Table: Global Oil Demand (000b/d)
Table: Global Oil Production (000b/d)
Global Oil Supply
Global Gas Demand
Table: Global Gas Demand (bcm)
Global Gas Supply
Table: Global Gas Production (bcm)
Regional Oil Demand
Table: Middle East Oil Consumption (000b/d)
Regional Oil Supply
Table: Middle East Oil Production (000b/d)
Regional Refining Capacity
Table: Middle East Oil Refining Capacity (000b/d)
Regional Gas Demand
Table: Middle East Gas Consumption (bcm)
Regional Gas Supply
Table: Middle East Gas Production (bcm)
UAE Country Overview
Methodology & Risks To Forecasts

Chapter - BMI Forecast Modelling

How we generate our industry forecasts
Energy Industry
Cross checks
Sources
United Arab Emirates Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Executive Summary

The latest United Arab Emirates (UAE) Oil & Gas Report from BMI forecasts that the country will account for 4.58% of Middle Eastern (ME) regional oil demand by 2013, while providing 11.13% of supply. Regional oil use of 8.24mn barrels per day (b/d) in 2001 rose to an estimated 10.86mn b/d in 2008. It should average 11.09mn b/d in 2009 and then rise to around 12.08mn b/d by 2013. Regional oil production was 22.87mn b/d in 2001, and in 2008 averaged an estimated 25.94mn b/d. It is set to rise to 28.99mn b/d by 2013. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 14.63mn b/d. This total had risen to an estimated 15.08mn b/d in 2008 and is forecast to reach 16.91mn b/d by 2013.

In terms of natural gas, the region consumed an estimated 395bn cubic metres (bcm) in 2008, with demand of 573bcm targeted for 2013, representing 45.0% growth. Production of an estimated 410bcm in 2008 should reach 617bcm in 2013 (+50.5%), which implies net exports rising to 45bcm by the end of the period. The UAE in 2008 consumed an estimated 12.15% of the region’s gas, with its market share forecast at 11.65% by 2013. It contributed an estimated 14.15% to 2008 regional gas production and, by 2013, will account for 14.58% of supply.

In terms of the OPEC basket of crudes, the average price in Q408 was an estimated US$52.53/bbl, down sharply from the US$113.49 recorded during the previous three months. The full year 2008 average is put by BMI at US$94.08/bbl, representing a 36% year-on-year (y-o-y) increase. North Sea Brent, WTI and Russian Urals are believed to have averaged US$97.06, US$99.33 and US$94.56/bbl respectively during 2008. For 2009, we are now assuming an average OPEC basket price of US$52/bbl (-45% y-o-y), with Q109 expected to deliver US$40.00. The new full year forecast implies Brent crude at US$55.65, WTI averaging US$56.63/bbl and Urals at US$52.48 for 2009. For 2010, we expect to see a recovery to US$58.00/bbl for the OPEC price, gaining further ground to US$65.00 in 2011 and US$70.00/bbl in 2012. We are now using a long-term price assumption of US$70.00 for 2013-2018, down from our previous assumption of US$90.00/bbl.

In 2009, we see monthly average global wholesale gasoline prices ranging from US$38.90 in January to a high of US$64.90 reached in August and in December, providing a full year average of US$56.20 – just over 55% of the 2008 outturn. The 2009 BMI gasoil forecast is for an average price of US$67/bbl, assuming a monthly low of US$46.40 in January and a high of US$77.30/bbl in December. The full-year outturn represents a 45% downturn from the 2008 level. For 2009, the monthly average jet fuel price is forecast to range from US$47.90 in January to US$79.80/bbl in August, proving an annual level of US$69.20/bbl.

The UAE’s real GDP growth is forecast by BMI at 1.0% for 2009, following an estimated 6.6% in 2008. We are assuming 3.4% growth in 2010, 4.5% in 2011, 4.3% in 2012, followed by 5.2% in 2013. We expect oil demand to rise from an estimated 470,000b/d in 2008 to 553,000b/d in 2013, representing 3.5% annual growth, lagging our underlying economic assumptions. State-owned Abu Dhabi National Oil Company (ADNOC) is the biggest national oil company, working in partnership with major international oil companies (IOCs) to deliver an estimated 2.92mn b/d of 2009 oil and liquids production, rising to 3.23mn b/d by the end of the forecast period – subject to OPEC quota policy. Gas production should reach at least 90bcm by 2013, up from an estimated 58bcm in 2008. Consumption is expected to rise from 48bcm to 67bcm by the end of the forecast period, allowing exports of 23bcm.

Between 2007 and 2018, we are forecasting an increase in UAE oil production of 26.9%, with volumes rising steadily to 3.70mn b/d by the end of the 10-year forecast period. Oil consumption between 2007 and 2018 is set to increase by 46.0%, with growth slowing to an assumed 3.5% per annum towards the end of the period and the country using 657,000b/d by 2018. Gas production is expected to rise from 49bcm to 110bcm by the end of the period. With 2007-2018 demand growth of 106.6%, this provides export potential rising from 6bcm to almost 21bcm over the period. Details of BMI’s 10-year forecasts can be found in the appendix to this report, which provides global, regional and country-specific projections.

UAE is ranked a close second place in BMI’s updated Upstream Business Environment rating, thanks largely to its significant oil and gas resource base, and investor-friendly climate. It stands eight points clear of Iraq, so appears secure at least over the medium term. It is unlikely, however, to mount a near-term challenge on Qatar above it. UAE’s score reflects the country’s gas reserves, high RPR, plus nonstate competition, established licensing framework and generally encouraging country risk factors. The country is well up the league table in BMI’s Downstream Business Environment rating, with several high scores and further progress up the rankings possible over the longer term. It is ranked equal third with Oman, thanks largely to high scores for oil and gas demand, refining capacity expansion, and nominal GDP. Israel is just two points above, providing scope for the UAE to improve its ranking.

United Arab Emirates Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Read about our other Oil & Gas Reports

Africa

Algeria, Angola, Congo, Egypt, Equatorial Guinea, Gabon, Libya, Nigeria, South Africa and Sudan

Asia

Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam

Caribbean

Trinidad & Tobago

Europe

Azerbaijan, Belgium, Bulgaria, Croatia, Czech Republic, France, Germany, Greece, Hungary, Italy, Kazakhstan, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Spain, Turkmenistan, Ukraine and United Kingdom

Latin America

Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela

Middle East

Bahrain, Iran, Iraq, Israel, Kuwait, Oman, Qatar, Saudi Arabia and Turkey

North America

Canada and United States
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