United Arab Emirates

OPEC

Middle East

Production

3.8M bbl/d

Imports

1.0M bbl/d

Exports

5.9M bbl/d

Net Balance

4.8M bbl/d

Net exporter

Consumption by Product

2022 · thousand bpd

Petrol18.9%

Diesel28.3%

Kerosene0.9%

Jet Fuel18.9%

LPG4.7%

Fuel Oil18.9%

Other9.4%

Proven Oil Reserves

113.0B

barrels (proven)

~81 yrs

at current production

Abundant

050 yrs100+ yrs

Proven reserves = crude oil in the ground. Many countries import most of their refined fuel (petrol, diesel, jet fuel), so high reserves don't guarantee fuel supply security.

Production Trend

Price History

Refinery Capacity

Capacity

900 bbl/d

Throughput

800 bbl/d

Utilization

88.9%

Geopolitical Context

OPEC Member

Production quota: 2912K bbl/day

OPEC member. Lobbying for higher production quota. Major refining and trading hub (Fujairah).

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