The Petroleum Experience of Abu Dhabi
By (author) ECSSR
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Petroleum Experience of Abu Dhabi by ECSSR
Book DescriptionThe United Arab Emirates (UAE) is one of the world's major oil-producing countries. A member of the Organization of the Petroleum Exporting Countries (OPEC) and of the Organization of Arab Petroleum Exporting Countries (OAPEC), the UAE has estimated recoverable oil reserves of around 97 billion barrels, of which the emirate of Abu Dhabi alone accounts for around 92.2 billion barrels.The petroleum experience of Abu Dhabi has been varied and extensive. The structure of the industry has developed from the original concession arrangements through to the establishment of the Abu Dhabi National Oil Company (ADNOC) in 1971 and its subsidiaries. During this transformation of the industry in Abu Dhabi, the legal framework governing the development of petroleum resources in the emirate has evolved, as has the tax system applicable to operating companies, the means of dispute resolution, and the overall organizational structure of the industry. The structure of the Abu Dhabi oil industry is built around the Abu Dhabi National Oil Company (ADNOC), which has rapidly assumed the role of a link between government institutions - which establish petroleum policy - and the operating companies that are responsible for executing approved projects. ADNOC is responsible for the implementation of all aspects of the oil policy of the emirate of Abu Dhabi.As the principal producer of oil and gas in the UAE, ADNOC's position in the industry is central. Atef Suleiman is uniquely qualified to assess the role of ADNOC, and he here examines the nature of its operations, and explores its ability to innovate and develop in order to successfully ride the new trends in the oil industry.
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Book DetailsISBN: 9789948009115
(234mm x 156mm x 17mm)
Imprint: Emirates Centre for Strategic Studies & Research, Abu Dhabi
Publisher: Emirates Centre for Strategic Studies & Research, Abu Dhabi
Publish Date: 19-Dec-2007
Country of Publication: United Arab Emirates
Books By Author ECSSR
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Energy plays a key role in realizing sustainable development in both advanced and developing countries alike, and it is therefore vital that investment in technological development be sustained in order to maximize the benefits of currently available energy resources.
Global Strategic Developments, Paperback (August 2012)
The world today faces numerous challenges, including the fallout from the financial crisis and varied and diverse examples of violence and conflict across the globe. This book offers an examination of these developments, providing an exploration of the future of the global system and its international powers and organizations.
Education in the UAE, Paperback (July 2012)» View all books by ECSSR
Offers an analysis essential for understanding the process of education in the Gulf. This title contributes to the debate surrounding education in the Middle East and the wider developing world. It provides a crucial study of the possible educational and developmental challenges in the Gulf.
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Author Biography - ECSSR
Atef Suleiman was General Counsel and Manager of the Legal Department of the Abu Dhabi National Oil Company (ADNOC) from 1974 to the end of 1997 and has been involved in legal and economic aspects of the oil industry for more than forty years through his employment in major oil producing nations of the Middle East.
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