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ABU DHABI - The Oil Market.

Oil consumption in Abu Dhabi averages 110,000-120,000 b/d, up from 80,000-90,000 b/d in early 1999, compared to about 200,000 b/d for the whole of the UAE. Abu Dhabi supplies the other UAE emirates with about 50,000-70,000 b/d. The other emirates buy the remainder of their oil products needs from Fujairah's refinery, from a small plant in Sharjah, from Bahrain and other Gulf sources.

ADNOC-FOD acts as a monopoly in Abu Dhabi and, together with foreign oil companies, used to dominate the rest of the UAE market. The dominant role of the foreign oil companies in the other emirates ended in 1980 when the federal entity, Emirates General Petroleum Corp. (EGPC), began distributing oil products. Based in Dubai, EGPC operated service stations in all emirates but Abu Dhabi. To compete with ADNOC-FOD, EGPC in 1992 started buying unleaded gasoline from the international spot market. In 1988 a third distribution company entered the market: Dubai state-owned Emirates Petroleum Products Co. (Eppco), which opened service stations in Dubai and later expanded to other emirates including Fujairah. But the Abu Dhabi market was closed to Eppco. Dubai's Emirates National Oil Co. (ENOC) has a condensate refinery at Jebel Ali on stream since 1999 (see 2002 UAE survey in Vol. 58).
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Publication:APS Review Downstream Trends
Geographic Code:7UNIT
Date:Jan 6, 2003
Words:217
Previous Article:ABU DHABI - Energy Base Keeps Expanding.
Next Article:ABU DHABI - The Power Sector.
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