792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

as the gas pipes from Sharjah. The second main producer is Abu Dhabi Marine
Operating Company (ADMA-OPCO).
Percentage share of Key Upstream players
ADNOC is the leading company in UAE producing maximum oil in the region
based out of Abu Dhabi giving it is oil rich status.
ADNOC has a range of almost 14 companies refining oil and manufacturing
petroleum products under it. Players like Enoc, Japan Oil, Exxon Mobil as fast
growing companies which are making their mark in manufacturing quality products
and increasing the exports of the country.
This system is capable of supplying more than 300 million cubic feet of gas per day
and has the capacity to meet all customers' needs well into the 21st century.
UAE has maintained its strong hold in oil exports capitalizing on its huge reserves.
Increasing industrialization, inflow of industries, increase in automotive traffic etc has
led to increase in internal consumption of oil as well. Oil consumption has grown at a
CAGR of 8% from 2001 to 2008. Growth in exports has been more or less constant
and there has seen a steady increase of 1 - 2 % year on year where 2003 and 2006
saw high increases of 14% and 8% respectively. Financial crisis in 2008 lead to
decline in oil prices and had an adverse impact on the exports resulting in a decline.
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