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


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)


Abubakar, I. R., & Dano, U. L. (2020). Sustainable urban planning strategies for mitigating climate change in Saudi Arabia. Environment, Development and Sustainability, 22(6), 5129-5152.

Al Awaidy, S. T., Khamis, F., Al Attar, F., Razzaq, N. A., Al Dabal, L., Al Enani, M., ... & Mohamed, O. (2021). COVID-19 in the Gulf Cooperation Council member states: evidence of effective response. Oman Medical Journal, 36(5), e300.

Al Rashedi, N., Al Shamsi, F., & Al Hosani, H. (2020). UAE Approach to Space and Security. In Handbook of Space Security: Policies, Applications and Programs (pp. 621-652). Cham: Springer International Publishing.

Anjam, M., Khan, H., Ahmed, S., & Thalassinos, E. I. (2020). The Antecedents of Consumer Eco-Friendly Vehicles Purchase Behavior in United Arab Emirates: The Roles of Perception, Personality Innovativeness and Sustainability. International Journal of Economics & Management, 14(3).

Antwi‐Boateng, O., & Al Jaberi, N. H. S. (2022). The post‐oil strategy of the UAE: An examination of diversification strategies and challenges. Politics & Policy, 50(2), 380-407.

Baig, F., Abrar, M., Chen, H., & Sherif, M. (2022). Rainfall Consistency, Variability, and Concentration over the UAE: Satellite Precipitation Products vs. Rain Gauge Observations. Remote Sensing, 14(22), 5827.

Baigireyeva, Z., Beisengaliyev, B., Kicha, D., Niyazbekova, S., & Maisigova, L. (2021). Analysis of the influence of ecology on human resources management in the healthcare system. J. Environ. Manage. Tourism, 12(7), 1980-1996.

Bradshaw, T. (2020). Security forces and the end of empire in the Trucial States, 1960–1971. Middle Eastern Studies, 56(6), 1019-1033.

Gohlke, D., & Zhou, Y. (2021). Assessment of Light-Duty Plug-in Electric Vehicles in the United States (2010-2020) (No. ANL/ESD-21/2). Argonne National Lab.(ANL), Argonne, IL (United States).

Hordeski, M. F. (2020). Megatrends for energy efficiency and renewable energy. CRC Press.

Ignatiev, P. (2020). The United Arab Emirates: What Is Behind Economic Miracle?. Аctual Problems of International Relations, 1(145), 4-16.

Imsirovic, A. (2022). The Trading and Price Discovery for Crude Oils. The Palgrave Handbook of International Energy Economics, 327.

Jacobson, M. Z. (2023). No Miracles Needed: How Today's Technology Can Save Our Climate and Clean Our Air. Cambridge University Press.

Jones, N., Picciariello, A., & Gerasimchuka, I. (2023). The Abu Dhabi National Oil Company in a Changing World.

Koli, P. B., Kapadnis, K. H., Deshpande, U. G., Tupe, U. J., Shinde, S. G., & Ingale, R. S. (2021). Fabrication of thin film sensors by spin coating using sol-gel LaCrO3 Perovskite material modified with transition metals for sensing environmental pollutants, greenhouse gases and relative humidity. Environmental Challenges, 3, 100043.

Koshaimah, Y., & Zou, X. (2023). Conflict in Yemen and its impacts on China’s interests in the region. Asian Journal of Middle Eastern and Islamic Studies, 17(3), 231-249.

Luthra, A., & Monteith, W. (2023). Of market vendors and waste collectors: Labour, informality, and aesthetics in the era of world‐class city making. Antipode, 55(4), 1068-1088.

Mania, F. (2020). The relations between the Russian Federation and the EU in the energy field.

Merkin, R. (2023). Poole's Textbook on Contract Law. Oxford University Press.

Ploszka, A. (2023). It Never Rains but it Pours. The Polish Constitutional Tribunal Declares the European Convention on Human Rights Unconstitutional. Hague Journal on the Rule of Law, 15(1), 51-74.

Salem, H. S., Pudza, M. Y., & Yihdego, Y. (2023). Harnessing the energy transition from total dependence on fossil to renewable energy in the Arabian Gulf region, considering population, climate change impacts, ecological and carbon footprints, and United Nations’ Sustainable Development Goals. Sustainable Earth Reviews, 6(1), 10.

Shoup, J. A. (2021). The History of the United Arab Emirates. Bloomsbury Publishing USA.

Springer Nature Limited, & Published annually since 1864. (2020). United Arab Emirates. The Statesman’s Yearbook 2020: The Politics, Cultures and Economies of the World, 1233-1237.

Traifeh, H., Bin Tareaf, R., Abou Refaie, R., Meinel, C., & Von Thienen, J. (2021). How Did Design Thinking Develop in the Arab World? Findings from Twitter Analysis. Journal of Design Thinking, 2(2), 175-190.

Vopilovskiy, S. S. (2022). Foreign Economic Partners of Russia in the Arctic Zone. Arktika i Sever [Arctic and North], (46), 29-43.

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