Dubai Petroleum
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Dubai Petroleum
Dubai Petroleum is a government-owned oil and gas exploration and production company operating in the United Arab Emirates, under the jurisdiction of the Government of Dubai. It manages five major offshore oilfields and is a key contributor to Dubai's economy and energy strategy. History Dubai entered the oil sector in 1963 when a concession was granted to Continental Oil Company (Conoco). The discovery of the Fateh Field in 1966 marked a turning point, with first oil exports in 1969. Additional fields—South-West Fateh (1970), Falah (1972), Rashid (1973)—came online in the 1970s. The onshore Margham field began production in 1984. In 2006, the Dubai Petroleum Establishment (DPE) was created via royal decree to manage all petroleum assets, assuming full control from ConocoPhillips by 2007. The Jalilah field was discovered in 2010 and began production in 2011. Operations Dubai Petroleum operates five offshore fields: Fateh, South-West Fateh, Rashid, Falah, and Jalilah. T ...
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Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the List of cities in the United Arab Emirates#Major cities, most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. It is located on a Dubai Creek, creek on the south-eastern coast of the Persian Gulf, Persian Gulf. As of 2025, the city population stands at 4 million, 92% of whom are Expatriates in the United Arab Emirates, expatriates. The wider urban area includes Sharjah and has a population of 5 million people as of 2023,https://www.demographia.com/db-worldua.pdf while the Dubai–Sharjah–Ajman metropolitan area counts 6 million inhabitants. Founded in the early 18th century as a Cultured pearl, pearling and fishing settlement, Dubai became a regional trade hub in the 20th century after declaring itself a f ...
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United Arab Emirates
The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a Federal monarchy, federal elective monarchy made up of Emirates of the United Arab Emirates, seven emirates, with Abu Dhabi serving as its capital. It shares land borders with Oman to the east and northeast, and with Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran, and with Oman in the Gulf of Oman. , the UAE has an estimated population of over 10 million, of which 11% are Emiratis; Dubai is List of cities in the United Arab Emirates, its most populous city and is an international hub. Islam is the State religion, official religion and Arabic is the official language, while English is the most spoken language and the language of business. The United Arab Emirates Oil reserves in the United Arab Emirates, oil and natural gas reserves are the world's List of countries by pr ...
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Ahmed Bin Saeed Al Maktoum
Sheikh Ahmed bin Saeed Al Maktoum (; born 1 December 1958) is an Emirati businessman, politician and member of Dubai's ruling Al Maktoum family, who is the current chairman and CEO of Emirates Airline and the Emirates Group, second vice chairman of the Executive Council of Dubai and president of the Dubai Civil Aviation Authority (DCAA). He is also the chairman of Dubai Airports, Dubai Holding, Dubai World and Emirates NBD. Ahmed is the board member of the Investment Corporation of Dubai (ICD) and the current chancellor of The British University in Dubai. Early life and education Born on 1 December 1958, Ahmed is the youngest son of Dubai's former ruler, Sheikh Saeed bin Maktoum bin Hasher Al Maktoum, and the only child of his father's second wife, Sheikha Fatima bint Ahmed bin Suliman. He is the half-brother of the former ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum, and is the uncle of Dubai's current ruler, Sheikh Mohammed bin Rashid Al Maktoum. Ahmed has ...
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Government Of Dubai
The Government of Dubai () is the subnational authority that governs the Emirate of Dubai, one of the seven constituent monarchies which make up the United Arab Emirates. The executive authority and head of the government is the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The Ruler of Dubai appoints the Dubai Executive Council, which is led by the crown prince of Dubai and is responsible for the day-to-day management of Dubai Government agencies such as the Dubai Municipality and :Government agencies of Dubai, numerous other governing entities. History Since 1830, the Emirate of Dubai had a semi-autonomous government led by the Ruler of Dubai, who would delegate responsibilities of managing the affairs of the emirate to representatives in an informal government. Prior to the unification of the United Arab Emirates, Dubai had already started issuing local laws as part of the Trucial States on matters of taxation and trade, allowing the emirate to attract foreign trade a ...
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Persian Gulf
The Persian Gulf, sometimes called the Arabian Gulf, is a Mediterranean seas, mediterranean sea in West Asia. The body of water is an extension of the Arabian Sea and the larger Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed 9 October 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The river delta of the Shatt al-Arab forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also Coral reef, coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian plate under the Zagros Mountains. The current flooding of the basin started 15,000 years ago due to sea level rise, rising sea levels of ...
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Petroleum Industry In The United Arab Emirates
Energy in the United Arab Emirates describes energy and electricity production, consumption and import in the United Arab Emirates (UAE). The UAE has 7% of global proved oil reserves, about 100 billion barrels.2011 report on oil and gas companies, Promoting revenue Transparency
2011 p.113-114, 116
Primary energy usage in 2009 in the UAE was 693 TWh and 151 TWh per million persons.IEA Key energy ...
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Abu Dhabi National Oil Company
The Abu Dhabi National Oil Company (), known by its acronym ADNOC, is the state-owned Petroleum industry, oil company of Abu Dhabi, United Arab Emirates. It is the world's 12th largest oil company by production. As of 2021, the company has an oil production capacity exceeding 4 million Barrel per day, bpd with plans to increase to 5 million bpd by 2030. It is the United Arab Emirate's largest oil company. ADNOC's output was roughly flat at about 2.5 million barrels per day during the 1990s. It stood at 2.9 mbpd in 2008. Although its financial indicators are difficult to assess as the company has been described as secretive, it has also been described as efficient and well managed. ADNOC is one of few oil companies in the world to make a substantial investment to increase oil production amid growing pressure to reduce output due to climate change. History In November 2019, ADNOC received approval from the emirate's Supreme Petroleum Council to list its flagship Murban crude oil ...
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Economy Of Dubai
The economy of Dubai’s gross domestic product of the calendar year 2023 as of January 2024 is AED 429 billion ($USD 116.779 billion). Dubai has substantially transformed over the last couple of decades. More than 90% of the population are foreigners. The International Herald Tribune described it as "planned free-market capitalism". Oil production, which once accounted for 50% of Dubai's gross domestic product, contributes less than 1% today. In 2018, wholesale and retail trade represented 26% of the total GDP; transport and logistics, 12%; banking, insurance activities and capital markets, 10%; manufacturing, 9%; real estate, 7%; construction, 6%; tourism, 5%. Dubai became important ports of call for Western manufacturers. Most of the new city's banking and financial centres were headquartered in the port area. Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smu ...
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Oil And Gas Companies Of The United Arab Emirates
An oil is any chemical polarity, nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobe, hydrophobic (does not mix with water) and lipophilicity, lipophilic (mixes with other oils). Oils are usually flammable and surfactant, surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal fats, animal, vegetable oil, vegetable, or petrochemical in origin, and may be Volatility (chemistry), volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ...
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Government-owned Companies Of The United Arab Emirates
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. Thi ...
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Companies Based In Dubai
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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