Integrating Fossil Interests And Climate Initiatives – Big Steps For UAE – A Small Country In A Cradle Of Oil And Gas.

Integrating Fossil Interests And Climate Initiatives – Big Steps For UAE – A Small Country In A Cradle Of Oil And Gas.

Cradle of oil and gas. UAE UAE (United Arab Emirates) is ranked 7th in oil production in 2021 (Figure 1). In the Middle East, only Saudi Arabia and Iraq rank higher. UAE is a small country by population, and this is why their oil production per capita is so high. Kuwait and Qatar are also small countries with high oil production per capita. Out of the top 7 oil producers, the Middle East has three: Saudi Arabia, Iraq, and UAE. The Middle East is indeed a cradle of oil and gas production. But the Middle East is not known as a trendsetter for its transition from fossil fuels to renewable energies as illustrated by nations in Europe for example. It comes as a surprise, therefore, that the chairman of the next yearly climate convocation of the United Nations, COP28, is from the UAE. Figure 1. Volumes of crude oil in 2021 produced by countries in the Middle East. Correct world ... [+] rankings down to UAE, but not below UAE. ADNOC is UAE's state-owned oil and gas company. It's ranked #9 in 2022 in oil and gas finance rankings – one step ahead of ExxonMobil XOM at #10. Let's take