BP in the United Arab Emirates

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BP has been working in the Middle East for more than years. Local websites Select a website. Our relationship with the United Arab Emirates goes back to the early s, when Air BP established a oil and gas futures dubai 2016 depot in Sharjah to serve the first airplanes en route from the UK to India. Today, the head office for our regional upstream activities is in Abu Dhabi.

Further along the coast to the north, Dubai is the regional hub for our refining and marketing businesses known as BP Middle East. BP markets oil products, including aviation and marine fuels and lubricants, and provides technical support and other related services across the region - oil and gas futures dubai 2016 Egypt in the west to Sri Lanka in the east.

Our people and partners. We also invest in developing local capabilities, including the secondment of national staff to BP locations worldwide. BP equity production from Abu Dhabi is around 90, barrels of oil per day. The refining and marketing side of our business includes the joint-venture blending plants in Dubai, which produce premium-quality lubricants under the BP, Castrol, Duckhams and Veedol brands.

Air BP in Dubai is responsible for sales to airlines in more than 20 countries, from Egypt in the west to Bangladesh in the east. We are the sole provider of storage and into-plane refuelling services at Sharjah International Airport. BP aims to make a difference to the communities in which we operate. We strive to be a force for good and demonstrate this through the creation of oil and gas futures dubai 2016 opportunities, the engagement of local suppliers and supporting development projects.

BP is committed to the development of local capabilites through various educational programmes. Created by BP to help develop to year-olds in the Gulf, the programme has taken thousands of teenagers on weekends of learning and adventure to help build their leadership skills and to encourage them to become more safety-conscious and environmentally aware. We support the Abu Dhabi Petroleum Institute, which is a pioneering educational establishment founded through collaboration between the industry and professional consortiums.

BP is one of the founding supporters of the Emirates Foundation for Youth Development, an independent UAE organization that uses venture philanthropy to help young people in the country reach their full potential. Through our strategic partnership with Emirates Foundation, we support the development of local capability and youth by enhancing their skills, leadership and motivation needed to pursue successful careers in the private sector.

SSI is a project that helps build the capacity of schools to address their own environmental impact and roll out a sustained environment education and awareness activity for the whole school community.

BP supports Khalifa Fund for Enterprise Development to help build capacity and share knowledge and experience around small medium-sized enterprises to create a new generation of Emirati entrepreneurs BP also supports two special university awards programmes in the UAE: We aim to deal with your enquiries as oil and gas futures dubai 2016 as possible.

Interested in a career at BP? BP Energy Outlook — edition.

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As the seventh largest petroleum producer in the world, the United Arab Emirates UAE economy has long been coupled with the ebbs and flows of the hydrocarbon industry.

The plummeting global oil prices has thus affected the oil-rich nation, forcing the country to curb spending, oil companies to downsize, and prioritize and scale back projects. With the oil and gas industry in dire straits, UAE has taken steps to diversify its economy to cushion and remain resilient in face of sustained lower oil prices. Production With the proved oil reserves ranked seventh globally, the UAE is a major oil producer and exporter.

In January of , UAE produced 3. Oil production for February of was 2. January and February average was 2. Some of UAE crude oil streams includes Murban, a lightweight and sweet low sulfur crude oil, and Das, a blend of two existing streams, Umm Shaif and lower Zakum crude oil streams.

The oil rich nation plans to increase crude oil production to 3. According to the U. Africa and other countries imports accounts for the rest of the import. Despite being an exporter of crude oil, the UAE domestic market imports petroleum product imports namely residual fuel oil, motor gasoline, and diesel fuel. By , crude oil production is expected to amount 3. With a current production rate of , bpd, the field is undergoing expansion work to increase production to , bpd by and eventually 1 million bpd by Each of emirates is responsible for regulating the oil industry, creating production sharing agreements PSAs , and service contracts within its own borders.

In , Adma which currently produces , bpd, is up for renewal. A massive number of projects have been pushed back, possibly crimping future supply as the global oil market, including UAE, is moving towards balancing their budget and cutting expenses.

In an effort to boost oil prices and get rid of supply glut, OPEC has curtailed its oil production by 1. A Complete Profile - Expected Growth By , crude oil production is expected to amount 3.