Eni signs MoU to support global energy security
The Memorandum of Understanding outlines the framework of cooperation for future joint supply projects.
We are active in the exploration, development and production of hydrocarbons and natural gas, refining and chemicals in the United Arab Emirates. With our partner ADNOC, we work to ensure a stable and affordable gas supply for the country, thus contributing to making it not only self-sufficient, but also a gas exporter. Our experience in the development of the Ghasha concession, which is scheduled to start production around the middle of the next decade, will provide essential support for accelerated field production, enable further cost optimisation, and ensure that we extract maximum value from the discovery. Finally, the Ruwais refinery, the fourth largest in the world in terms of production capacity, allows us to be highly competitive also in crude oil processing.
We are present in the United Arab Emirates and in the Middle East along the entire energy chain, where we pursue our strategy of geographical and technological diversification to help meet the growing demand for energy. Also in these countries, our goal is to achieve carbon neutrality (Net Zero) by 2050, through a pathway of reducing emissions from products and processes in our operations.
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How we operate in the country
With Ghasha we guarantee a stable and economic gas supply to the United Arab Emirates
We hold a 25% interest in the mega offshore concession known as Ghasha, which includes the Hail, Ghasha, Dalma and other gas fields. They are located in the Al Dhafra region of the Arabian Basin and are estimated to contain several trillion standard cubic feet of gas. The concession could meet over 20% of the country's gas demand and, once completed, will also be producing over 120,000 barrels per day of high-value oil and condensate. The development of Ghasha is further proof of our strong alliance with ADNOC and a demonstration of confidence in our worldwide recognised model based on the integration of exploration and development. Finally, this way of operating has also allowed us to achieve extraordinary results also in terms of time-to-market, i.e. the time between the development of fields and the sale of the resources extracted.
In Ruwais we transform oil into products
A new phase of growth in the refining sector is underway with the acquisition of a 20% stake in the refining business of the Ruwais complex, located in the western region of the Emirate of Abu Dhabi. Thanks to our partnership with the Abu Dhabi National Oil Company (ADNOC), we are increasing our refining capacity and profitability outlook in the sector. The plant uses the best available technology to separate crude oil from its components and is in an extremely favourable position with respect to eastern and western markets.
Hydrogen and CCUS for decarbonization
In line with our commitments and the Net Zero target, we are planning initiatives with ADNOC in the area of energy transition and decarbonization through the use of new technologies for CO2 capture and storage (CCUS). We have also identified new opportunities for cooperation with Mubadala Petroleum in the CCUS technology and hydrogen.
A panoramic view of the Ruwais refinery
A panoramic view of the Ruwais refinery
A panoramic view of the Ruwais refinery
A panoramic view of the Ruwais refinery
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Highlights
Below is a selection of data about our activities in the country.
20
mm bbl
Annual oil and condensate production
4
bcf
Annual gas production
20
mm boe
Annual hydrocarbons production
+40
%
Eni's global refining capacity in 2024 with Ruwais
20
mm bbl
Annual oil and condensate production
4
bcf
Annual gas production
20
mm boe
Annual hydrocarbons production
+40
%
Eni's global refining capacity in 2024 with Ruwais
Our history in the United Arab Emirates
We have been in the UAE since 2019 to develop and diversify our energy portfolio.
March
2023
February
2022
September
2021
April
2021
January
2021
July
2019
January
2019
First exploratory well in Abu Dhabi reveals significant gas deposit
The drilling phase is beginning on exploratory well XF-002, located in Block 2
Energy transition agreement signed
The document identifies opportunities for cooperation in the field of hydrogen and CO2 capture, utilisation and storage.
Eni at the 2020 Dubai Expo
We have announced our participation in the Dubai World Expo as Platinum Sponsor of the Italian Pavilion, scheduled from 1 October 2021 to 31 March 2022.
Mahani starts production
Eni announces the beginning of production at the field located in the interior of the Emirate of Sharjah.
Eni signs agreement with ADNOC
The strategic partnership with Abu Dhabi's national oil company in refining and financial products has been finalised.
Eni enters the Emirate of Sharjah
The company has acquired the exploration rights for onshore areas A, B and C.
Projects
Ghasha, the offshore project in the Arabian Basin
The gas projects at Hail, Ghasha and Dalma in the Al Dhafra region could satisfy more than 20% of the United Arab Emirates’ demand.
In Ruwais, technological efficiency boosts refining
The use of state-of-the-art technology enables a high level of conversion at the refining plant, opening it up to growth.
Press releases
Press releases
Learn more about our activities in the Middle East
Eni Iraq B.V. Dubai Branch
11th Floor - Cluster O - Reef Tower
Jumeirah Lake Towers, Dubai
Last update: 18 April 2024
