UAE - The Dubai Energy Business.
The role of Dubai as a regional energy hub has expanded with a number of fuels trading firm based in the emirate. These include BP, Total, a trading arm of Russia's LUKoil called Litasco, Glencore, Trafigura and the UAE fuels distributor Emirates General Petroleum Corp. (Emarat). These firms are supplying most of Iran's 150,000 b/d imports of gasoline. Emarat has recently received a 1.3m barrel gasoline blending and storage facility built in Dubai which will be processing 1.3m b/month. Air BP, Shell Aviation and Emarate are building an 880,000 jet fuel tank to supply Dubai airport (see Downstream Trends).
Dubai is a major consumer and importer of natural gas. Its demand for gas has been rising by 17-20% per annum in recent years and has exceeded 1,500 MCF/day. But actual gas consumption averages
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