Saudi Arabia is synonymous with oil, the EU is obsessed with renewable energy, and the U.S. is the world's leading natural gas producer, but there are few countries pursuing all three of these energy sources with as much vigor as the UAE.
While much of the West, encouraged by the International Energy Agency (IEA) aim for net-zero, is shunning fossil fuels, energy demand continues to rise across the globe. Without sufficient renewable energy development to meet this demand, the UAE is acknowledging its position as a world leader in oil and gas, which are still very much still needed to power the world over the next decade and beyond.
Abu Dhabi is further expanding upon its already strong oil industry through the full-field development of its Belbazem offshore block, with heavy investment expected to boost oil output in the coming years.
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