Oil Issues of the Smallest Arabic Member of the OPEC

  • Eugene M. Khartukov Moscow State University for International Relations (MGIMO)
Keywords: Crude Oil, Gas Condensate, Production, Oil Refining

Abstract

The past, current status and future of the oil sector of the UAE are considered and analyzed. The author uses methods of comparative and systematic analyses, which are implemented for assessing the emirates’ oil in the context of the world, the Middle East, and the Persian Gulf area. The article mainly concludes that the Covid-19 pandemia has seriously hit the UAE oil market (harder than the other sectors of the national economy), however, the pandemia has made inland oil demand (and petroleum imports) of the emirates lower but the domestic crude oil production will unlikely increase in the foreseeable future above 200 kb/d. Still, the federation fares quite well as the OPEC pledged crude oil production cuts are concerned.

Author Biography

Eugene M. Khartukov, Moscow State University for International Relations (MGIMO)

Eugene M. Khartukov is Professor of the Moscow State University for International Relations (MGIMO), Head of Center for Petroleum Business Studies (CPBS) and World Energy Analyses & Forecasting Group (GAPMER), as well as Vice President for the FSU of Geneva-based Petro-Logistics SA. Author of over 415 publications on oil, gas, energy and energy modelling; a speaker at more than 170 international energy and economic fora. Eugene Khartukov graduated from the MGIMO in 1980 and obtained Ph.D., Post-PhD and Professor titles in economics from the USSR/RF VAC. Speaks Russian, English, Arabic (official, Fusha), and Spanish (basic)

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Published
2024-02-01
How to Cite
Khartukov, E. M. (2024). Oil Issues of the Smallest Arabic Member of the OPEC . Journal La Lifesci, 5(1), 12-26. https://doi.org/10.37899/journallalifesci.v5i1.883