A who’s who of the top oil and gas companies in the UAE

• Oil and Gas Companies in the UAE
• FAQs

Since fossil fuel was first discovered in the erstwhile Trucial States, the UAE’s economy has relied heavily on the oil and gas industries. Most oil and gas companies operating in the country have been contributing significant revenue to the UAE economy for decades, as well as creating millions of jobs for residents and expats.

TOP OIL AND GAS COMPANIES IN THE UAE

The oil and gas companies in the UAE are amongst the most prominent industry stakeholders in the world. The sizeable revenue generated from oil and gas is further augmented by reinvestment into other industries, including tourism, agriculture, manufacturing and trade. This ultimately contributes to the country’s diversified economy and a more robust infrastructure.

ABU DHABI NATIONAL OIL COMPANY (ADNOC)

With headquarters in Abu Dhabi, ADNOC is one of the leading oil and gas companies in the UAE that caters to an extensive network of companies enhancing the country’s position in the hydrocarbon value chain. The company has been actively functioning since 1971 and has services ranging from oil field explorations to energy production, refinery processes, storage and supply. ADNOC also takes part in developing wide-ranging petrochemical products that expand its contribution to Abu Dhabi’s economy.

ABU DHABI NATIONAL ENERGY COMPANY (TAQA)

Abu Dhabi National Energy Company (TAQA) is an energy and water company founded in June 2005. The company based in Abu Dhabi provides services related to power generation, exploration of oil and gas, production, desalination of water, pipelines and underground gas storage across 11 countries.

TAQA’s strategy is aligned with Abu Dhabi’s Economic Vision 2030 to ensure growth and success. It is also involved in a host of CSR projects across many countries.

EMIRATES NATIONAL OIL COMPANY (ENOC)

Emirates National Oil Company (ENOC) is one of Dubai’s major oil and gas companies. ENOC was established in 1993 and currently has over 9,000 employees to serve the company’s diversified group of customers. The oil and gas company is owned by the Dubai Government and is active in exploration, production, supply, refinement processing, trade, marketing and retail. Moreover, it has over 30 related subsidiaries operating in storage, processing, aviation and sales sectors.

The company serves customers in more than 60 countries.

EMDAD SERVICES LLC

Formerly known as Al Bawardi, EMDAD was established in 1979 in Abu Dhabi. It received the ISO 9001 award in 2001 and functions both as an upstream and downstream integrated solution provider. It applies innovative and unconventional methods to enhance oil and gas production.

EMARAT

Emarat is a leading petrol corporation in the UAE that operates in Dubai, Ajman, Fujairah, Ras al Khaimah, Umm Al Quwain and Sharjah. It started in the year 1981 with 70 service stations. Presently, it pumps more than 86 million litres of fuel every month. Besides petrol, the company provides household gas.

DUBAI PETROLEUM ESTABLISHMENT

Dubai Petroleum Establishment began its operations in 1969 when the Fateh field started commercial oil exports. The company’s current focus is to implement new technologies and explore new oil reserves. It has also initiated several sustainability programs.

This is one of the major oil and gas companies in Dubai.

AL MASAOOD OIL & GAS

Al Masaood Oil & Gas, established in 1971, was formerly known as MOISS. Boasting close to 50 years of operation, the company takes pride in being one of the first oil and gas contractors and suppliers in the UAE. With over 900 employees, the company offers advanced energy services in the UAE and North Africa, the Middle East and Eastern Mediterranean.

This Oil and Gas company in the UAE has worked with some top global market leaders like Shell, Total and more.

SHARJAH NATIONAL OIL CORPORATION

The Sharjah National Oil Corporation or SNOC was one of the oil and gas companies in the UAE established under an Emiri decree in 2010. It is a public company owned by the government of Sharjah. The company is engaged in exploration, discovery, extraction and engineering operations, and construction.

DANA GAS

Founded in 2005 in Sharjah, Dana Gas PJSC is the largest natural gas private sector company in the Middle East. This Sharjah-based oil and gas company is involved in the logistics, processing and sale of natural gas. The company has 2P reserves which exceed 1 billion barrel oil equivalent.

CRESCENT PETROLEUM COMPANY

Founded in 1971, Crescent Petroleum Company operates from its headquarters in Sharjah. Crescent Petroleum Company is a private upstream oil and gas company in the region and is one of the largest and oldest UAE-based oil and gas companies in the private sector. Their operations span over four continents.

DRAGON OIL PLC

Dragon Oil is a Dubai-based oil and gas company that engages in reserve exploration and production. In 1971, Dragon Oil was initially established in Ireland by Dr Oliver Conor Waldron as Oliver Prospecting & Mining Co. Later in 1993, the company changed its name to its current name, Dragon Oil. Currently, it is an upstream subsidiary of the renowned Emirates National Oil Company (ENOC) who bought major shares of the company in 1999. The same year, Dragon Oil moved to its present Dubai Headquarters and now serves thousands of customers in 60 markets.

LOOTAH BCGAS

Lootah BCGas, catering to over 1,500 gas-related contracts, specialises in natural gas LPG and SNG transmission and distribution in the UAE. Established in 1997, the company is recognised as a key gas supplier to some of the top companies in Dubai, including Emaar, Nakheel and Al Futtaim.

PETROFAC EMIRATES

Petrofac Emirates started its operation in 2008. It provides various services like design, engineering, procurement and construction services for onshore oil and gas projects. Moreover, they work on refining and petrochemical projects. It is considered amongst the top 10 oil and gas companies in the UAE.

FAQS

WHAT ARE THE MOST PROMINENT OIL AND GAS FIELDS IN THE UAE?

Check out our detailed guide to the top oil and gas fields in the UAE.

WHAT ARE THE FUEL PRICES IN THE UAE?

Fuel prices in the UAE vary according to fuel type. At the time of writing, Super 98 will cost AED 3.34 per litre, whereas Special 95 costs AED 3.22 per litre. On the other hand, Diesel costs AED 3.07 and E-plus 91 is priced at AED 3.15 per litre. We update the prices on a monthly basis in our petrol prices in the UAE post.

HOW CAN I ORDER A GAS CYLINDER IN DUBAI?

There are multiple companies supplying gas cylinders in Dubai. Oil and energy companies in Dubai and other emirates ensure safety.

HOW BIG IS THE OIL AND GAS INDUSTRY IN THE UAE?

You can read the UAE guide of the International Trade Administration to learn about the scale of the sector.

WHY IS THE OIL INDUSTRY IMPORTANT IN THE UAE?

The UAE oil industry is one of the main contributors to the nation’s GDP. The United Arab Emirates Country Commercial Guide by US based export.gov highlights the importance of the sector in their report.

WHO REGULATES OIL AND GAS IN THE UAE?

The Ministry of Energy and Infrastructure oversees the sector.

WHAT IS THE FUTURE OF OIL AND GAS INDUSTRY IN THE UAE?

As part of the UAE Energy Strategy 2050, the government has outlined the plan for the future energy needs of the country.

That’s a wrap for our guide to the top oil and gas companies in the UAE. UAE Oil and gas companies contribute greatly to the economy.

Some companies listed above are well-known petrol brands in Dubai and other emirates, while others are engaged in industrial operations and oil export. These companies are core contributors to the UAE’s economy and play a vital role in the nation’s economic growth.