Invest in Oil & Gas

UAE, the thriving and successful trading destination in the Middle East has many trading operations with many diverse and modern business sectors. Among the listed trades in UAE, Oil, and Gas stand as one of the most resourceful and successful industry. It is no surprise that the Oil and Gas industry in the Middle East is one of the successful sectors. UAE, Saudi Arabia, and other GCC countries involved in the trading of Oil and Gas. As a result, the industry becomes a great investment for foreign investors and local traders in the Gulf.

To invest in the UAE Oil and Gas trade sector you need in-depth knowledge in the trading operation, marketing, trade licensing, and other information related to the trade authorities. Even though the UAE economy is open to investing and trade, there are certain industries such as Oil and Gas, Healthcare, and such which requires approval from authorities apart from the Ministry of Commerce. You need to follow the requirements to invest or set up your own business in Dubai in the Oil and Gas industry.

If you are planning to invest and set up your own local Oil trade company in UAE, then you need to:

Plan your business strategy – if you decide to invest in the Oil industry in UAE, you will have the option to conduct trade in 25 Free zone trade areas in the country. You can choose to set up your business in the seven Emirate cities in the UAE.

Consult and research – Before you set foot inside a foreign trading market, it is best to seek advice from a consultancy agency. So that you can be prepared with the information before investing in the business. The agency will also help you follow the procedures necessary to register the trade in the country. You need to identify the right trade license and jurisdiction to start your investment.

The demand and supply for the Oil market in the UAE is an advantage to invest in the industry. The Arabian culture and rich resources in the country attract many foreign investors to be involved in the movements of Exports and Imports. Therefore, the UAE economy benefits from it. The Oil and Gas industry plays a major role in the GDP of the country. The industry also contributes to many other economic factors such as infrastructure and buildings.

Important Oil Companies in UAE

Abu Dhabi National Oil Company

The Abu Dhabi National Oil Company (ADNOC) is one of the largest oil distribution and production company in the UAE. The company played a major role in growing the UAE economy and contributing to producing retaining hydrocarbon reserves in the Emirate. ADNOC is also involved in other services such as refining, producing, exploration, and reserving. In the past few years, ADNOC has struck many key deals in the UAE. Some of the deals include Infrastructure deals, Refining, and Trading, Distribution IPO, and concession deals with many multi-international energy companies around the globe.

Gulf Petrochem

Located in Sharjah, Gulf Petrochem is another thriving oil company in the UAE. the company handles major projects in the Indian Subcontinent, Southeast Asia, Africa, Europe, and South America. As well as working with various business plans for oil refining, grease manufacturing, and oil storage terminals. The Gulf Petrochem has made a stand in the globe creating a reputation in the Oil and Gas industry.

Petrofac International

Petrofac International is growing and progressing towards taking over the Middle East with its presence. With its presence in Qatar, Abu Dhabi, and Sharjah the company also provides other services including marine services, conceptual engineering, structural engineering, management, and more.

Sharafco Group of Companies

Another company based in Sharjah. The company offers services in trading, manufacturing of petroleum products, and other petroleum engineering products. The company also contributes to various types of automotive and industrial lubricants.

Ghanzar Group

Ghanzar group is rapidly growing in Dubai providing multiple services to the petroleum and gas industry across many different countries like Turkmenistan, Kazakhstan, Uzbekistan, Tajikistan, and the Russian federation.

Other oil companies in the UAE are:

• Al Mansoori Abu Dhabi
• Emirates Lube Oil Company Limited
• Lootah BC Gas
• Weir Oil and Gas Services
• Schlumberger Limited