Oil and Gas market future in UAE -Umar Farooq Zahoor

 Umar Farooq Zahoor, a triumphant businessman, trader and philanthropist who is also a renewable energy enthusiast said in relation to Oil and gas sector in UAE that ‘’Factors, such as massive investment in upstream and government policies, are likely to drive the UAE oil and gas market during the forecast period.

The UAE oil & gas market is expected to be powered by this investment in the upstream, midstream, and downstream sectors in the projected timeframe. A growth of more than 7.5% is expected to be reported on the UAE oil and gas market. It is anticipated that the project will increase country refining capacity by 65%, to 1.5 million barrels per day by 2025. The United Arab Emirates Government is, however, anticipated to change oil and gas investment to increase domestic and alternative energy investments that are likely to hinder demand growth over the forecast period.

Due to investments in discoveries in the region, the oil and gas upstream industry is expected to dominate the market studied.

The increased demand for LNG in the country is leading to the integration in current LNG infrastructure of intelligent technologies, which in the coming years may provide market players with a wide range of opportunities in the region, Umar Farooq said, hoping for growth in the UAE oil sector

In the forecast period, growing oil and gas investments are anticipated to be driving the UAE oil and gas markets, particularly in the upstream and midstream sectors.

For decades, indeed, even if oil demand inevitably falls, the UAE has consistently invested its oil cash in projects aimed at ensuring its long-term economy is sustainable. 

America also holds some of the most impressive luxury properties, including the tallest building in the world and the Palm Islands. True to its flourishing tradition, the UAE has become home to one of the world's first smart cities.


Comments

Post a Comment

Popular posts from this blog

The Ultimate Guide to Business Growth: Proven Strategies from Umar Farooq Zahoor

Image
The Ultimate Guide to Business Growth: Proven Strategies from Umar Farooq Zahoor Explore comprehensive business growth strategies with insights from industry expert Umar Farooq Zahoor. Learn how to scale your business effectively with tried and tested methods. Introduction : In the competitive world of business, growth isn’t just a goal — it’s a necessity. For those looking to scale their enterprises, expert guidance is crucial. Umar Farooq Zahoor, a renowned business consultant and entrepreneur, shares his extensive knowledge and proven strategies for achieving substantial business growth. Umar Farooq Zahoor’s Background and Expertise: Umar Farooq Zahoor is a name synonymous with success in the business world. With years of experience and numerous accolades, Umar has helped countless businesses reach new heights. His expertise spans various industries, making his strategies versatile and effective. Detailed Strategies for Scaling a Business: Market Analysis: Understanding your
Read more

US and UAE seek Middle East climate alliance for green push - Umar Farooq Zahoor

Image
  Climate change has not diminished as well as its connection with human well-being and poverty is increasingly visible as pointed out by   Shiekh Umar Farooq Zahoor . If not checked, it would push 132 million people into poverty over the next 10 years, undoing hard-wind development gains. Countries now have the opportunity of a one-time generation to position themselves on the path to green, resilient and inclusive development. As proclaimed by Sheikh Farooq Zahoor, decisions made now will determine how the world achieves the progress of renewable development, the creation of sustainable employment and the experience of low-carbon, stable economic transformation. The United States and the United Arab Emirates pledged in early April to help finance the economy by investing in clean technology across the Middle East and North Africa — a sign of new climate diplomacy, the success of which will depend on the region’s fossil-fuel dependent economies. In action. The IMF and Climate Change T
Read more

Dubai Women Empowerment summit the most significant initiatives toward Women Empowerment in Dubai-Umar Farooq Zahoor 

Umar Farooq Zahoor - Women are an integral part of society. Being one of the leading business cities, Dubai is taking the initiative to uplift women’s position in every sector. Dubai has always taken the topic of women's empowerment very seriously. One of the initiatives is the women empowerment program. This summit gathers women and men to inform and aware about empowering women of the present generation. The women empowerment summit also invites many influential women leaders from the different sectors of the world. UAE is making some crucial progress for the accomplishment of its mission of empowering women. Dubai is trying to increase the number of women employees in the different sectors, so that women’s of UAE can become role models for the women of other nations.   Conducting the women empowerment summit has helped to inspire the men and women of the country at different levels. As a result, the workforce's productivity has increased by 50% with the conjugation of active
Read more