The UAE is establishing the energy technologies of the future with a visionary policy

The UAE is establishing the energy technologies of the future with a visionary policy

- Technologies like big data, predictive analytics and artificial intelligence in the oil and gas sector will enhance operational efficiency by 20%, reduce maintenance costs by up to 40%, and yield significant supply chain efficiencies

- Crescent Petroleum CEO Majid Jafar: “The UAE’s visionary energy policy guides the way for oil and gas and other industries to a more sustainable world.”

Sharjah, UAE: - The UAE is accelerating the establishment of the clean energy technologies of the future as the country implements low-cost solar power, carbon capture and sequestration (CCS) and blue hydrogen technologies to scale and future worldwide application, said the CEO of Crescent Petroleum Majid Jafar in his remarks at the World Economic Forum Regional Industry Exchange Day in Dubai today. He added that the oil and gas industry is simultaneously undergoing a digital transformation that will improve efficiencies, reduce costs, enhance decision-making, and minimize environmental footprint.

“As the UAE prepares to host COP28 later this year, the UAE’s visionary energy policy offers a guide for oil and gas and other industries to a more sustainable world. This is an important roadmap for the oil and gas industry and for all other industries operating in the UAE and worldwide,” Jafar said.

“As