The United Arab Emirates (UAE) and the United States are deepening their energy ties, with the landmark agreements set to channel billions of dollars into joint oil and gas ventures. These deals mark a new phase in the United States-United Arab Emirates cooperation, reinforcing a shared vision of long-term energy security and economic growth.
American firms are projected to invest around $60 billion into the UAE’s energy infrastructure, while Emirate investments in the U.S. energy sector could soar to an estimated $440 billion by 20235. These investments form a key part of the UAE’s broader trillion-dollar strategy targeting America’s energy landscape.
ADNOC Group CEO and Managing Director and the UAE’s Minister of Industry and Advanced Technology, Dr. Sultan Al Jaber, emphasized that the strong bilateral relationship is grounded in a mutual commitment to energy abundance and sustainability. He highlighted that the new partnerships with leading American energy firms will drive economic development and unlock long-term value.
Among the significant agreements is a collaborative development plan involving Inpex and ExxonMobil to expand the capacity of the offshore Upper Zakumfield. This project will be executed in phases and is designed to boost output while maintaining low carbon intensity, aligning with global sustainability goals.
ADNOC has also entered into a collaboration with Occidental to explore expanding the Shah gas field production capacity to 1.85 billion standard cubic feet every day. This field, situated in the southwest region of Abu Dhabi, may be the largest of its kind and holds potential to significantly increase liquefied natural gas exports and supply for domestic industry.
The timing of these deals is advantageous for the United States, a priority market for ADNOC’s energy investment division, XRG. XRG is actively pursuing opportunities across America’s energy value chain, particularly specialty chemicals, gas, energy infrastructure and liquefied natural gas.
A notable component of this cross-border partnership is ADNOC’s separate agreement with 1PointFive to evaluate investment in a Texas-based project. This initiative aims to eliminate up to half a million tons of CO2 annually using commercial-scale direct air capture tech.
In other news, the Supreme Council for Financial and Economic Affairs has granted a new oil exploration concession to American-based hydrocarbon exploration firm, EOG Resources. This further solidifies America’s presence in the UAE’s energy sector.
Overall, these strategic collaborations signal a robust and forward-looking energy alliance between two global players, setting the stage for sustainable growth and innovation in gas and oil development.
Massive investments are being channeled into the oil and gas industry in different parts of the world by enterprises like GEMXX Corp. (OTC: GEMZ). These efforts are likely to bring online new production sites that could meet the future energy supply needs.
NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ
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