Top Ten Oil and Gas Companies in Dubai 2022 | Dubai Petroleum Industry

Dubai is the most populous city in the United Arab Emirates. It has a population of 2,722,063 and covers 607 square kilometers with a coastline of approximately 20 km. Dubai is considered one of the major commercial hubs for oil and gas companies in the Middle East region. Below we outline the top ten most popular oil and gas companies in Dubai.

Oil and Gas Industries in Dubai

The oil and gas industry in Dubai has a workforce of approximately 30,000 people. The majority are employed by the national oil company ADNOC with around 14,500 employees. Other major companies such as Kuwait Petroleum Corporation (KPC) have an estimated 1000+ employees each.

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Top Ten Oil and Gas Companies In Dubai

The Middle East is a hub for oil and gas companies. With the world’s largest reserves in the region, it has become an important global business center. Here are ten of the top oil and gas companies in Dubai: 

1.Dragon Oil- List of Oil and Gas Companies in Dubai

Dragon Oil- List of Oil and Gas Companies in Dubai
Dragon Oil- List of Oil and Gas Companies in Dubai

Dragon Oil was established in 1971, and it has offices around the world, including China, Norway, and Greece. It is headquartered in Dubai, which also houses Dragon Refinery Incorporation (DRI). DRI operates a refinery with an annual throughput of about 650 thousand barrels per day.

In 2012, Dragon announced that they were planning to spend US$600 million on expanding the capacity of their oil products by 100% – this will be accomplished through acquiring additional equipment from German company ThyssenKrupp AG.

Oil and Gas Company in Islamabad

  • Industry: – Oil and Gas Company
  • Employees: – 14500+
  • Founded: – 1971
  • Revenue (USD): – US$ 1.093.1 billion (2014)
  • Location: – Dubai
  • Website: – www.dragonoil.com

2.Emirates National Oil Company- Dubai Oil and gas Company

Emirates National Oil Company- Dubai Oil and gas Company
Emirates National Oil Company- Dubai Oil and gas Company

The Emirates National Oil Company has been in operation since 1993 and is the largest oil company in Dubai. They have over 9000 employees and are all committed to providing excellent customer service and developing solutions for energy sustainability.

ENOC strives to be an environmentally responsible business that provides economic prosperity by generating revenues from downstream activities such as refining petroleum products, supplying industrial gases, trading bulk commodities, exploring gas reserves worldwide, and more!

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ENOC works with more than 40 oil and gas companies worldwide, including BP, ExxonMobil, Total SA, ConocoPhillips Co., and Mitsui & Company.

They invest in RD&E for future opportunities by investing the U.S.$200 million annually into new technologies. That can help reduce their environmental impact while providing an efficient energy supply for our community.

  • Industry: – Oil and Gas Company
  • Employees: – 9000+
  • Founded: – 1993
  • Revenue (USD): – U.S.$12 billion
  • Location: – Dubai, UAE
  • Website: – www.enoc.com

3.TransAsia Gas International

TransAsia Gas International
TransAsia Gas International

TransAsia Gas International is an oil and gas company based in Dubai, United Arab Emirates. It provides petroleum products to customers that are located within the UAE, Africa, and Asia.

The Company has a strong customer base of 233 companies with 27 main customers, including Abu Dhabi National Oil Company (ADNOC), Kuwait Petroleum Corporation (KPC), and China Petrochemical Corporation Limited-Petrochina. Transasia also develops joint ventures with various distributors of its products, such as Unipec, which is one of the three largest oil product traders for PTT Public Co., Ltd.-PTT PCL from Thailand.

Oil and Gas Company in Nigeria

  • Industry: – Petroleum Products
  • Employees: ~1000 –
  • Founded: – 1984
  • Revenue (USD): – $700 million (~$700,000)
  • Location: – Dubai, United Arab Emirates
  • Website: https://www.alghurair.com/

4.LOOTAH BC – Oil and Gas Companies in Dubai

LOOTAH BC - Oil and Gas Companies in Dubai

LOOTAH BC is an oil and gas company in Dubai. Founded in November 2013, LOOTAH BC is a leading engineering company providing oilfield services in the UAE.

The Company’s core competencies are cost estimating, project management office coordination, construction supervision and delivery (EPC or turnkey), safety control system implementation applications, design development, and expert witness support.

The newest addition to its fleet is a 100-tonne crane that can be used at offshore locations with water depths up to 40m.

5.Dubai Petroleum Est

Dubai Petroleum Est,top 10 oil companies in dubai
Dubai Petroleum Est

Dubai Petroleum Est is an oil and gas company that was established in 1969. The headquarter of the Company is located in Dubai, United Arab Emirates. It has over 1000 employees and a revenue of $250 million USD. Its primary goal is to explore natural resources to supply them onshore or offshore as needed by customers.

  • Industry: – Oil and Gas
  • Employees: – 1000+
  • Founded: – 1969
  • Revenue (USD): – $250 million
  • Headquarter: – Dubai, United Arab Emirates 
  • Website: – https://www.dubaipetroleum.ae/
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6.Double Energy Gases- Petroleum Companies In UAE

Double Energy Gases- Petroleum Companies In Uae
Double Energy Gases- Petroleum Companies In Uae

Double Energy Gases (DEG) is a privately owned company headquartered in Dubai, the United Arab Emirates. Its manufacturing facilities are located at Jebel Ali Industrial Area and Umm Al Quwain International Free Trade Zone. Liquefied petroleum gas, natural gas cylinders, and circuit breakers, and switchboards are all produced by Double Energy Gas. The products are primarily exported to Europe, the Asia Pacific region, Africa and North America.

The revenue of this Company in 2016 is 250 million USD.

  • Industry: – Petroleum Gas and Electrical Equipment Manufacturing
  • Employees: – 200+ (as of 2016)
  • Founded: – 1989
  • Head Quarter- Dubai, United Arab Emirates 
  • Revenue (USD): $250 million

7.SPEC Oil & Gas FZCO 

SPEC Oil & Gas FZCO
SPEC Oil & Gas FZCO 

SPEC Oil and gas is a privately owned company headquartered in Dubai. It was established in 1989. The products of this Company are LPG cylinders, circuit breakers, switches, and other oil field equipment that can be used for oil exploration and refining oil tanks.

These products are mainly exported to the European region, Africa and North America. They have annual revenue of 250 million USD with only 150 employees so far but plan on expanding their business further by 2020 through acquisitions or investments into new businesses overseas in order to increase their global presence. This will help them achieve their ultimate goal of becoming one of Dubai’s top oil and gas companies.

  • Industry: – Oil and Gas
  • Employees: – 150
  • Founded: – 1989
  • HeadQuarter- Dubai, United Arab Emirates
  • Revenue (USD): $250 million
  • Website: – http://www.specoilandgas.com/

9.TGI Energy- Best Oil and Gas Companies in Dubai

TGI Energy is a petroleum oil and gas company that offers leasing, drilling, or oil and gas property acquisition to oil producers. They have 500 employees so far with annual revenue of 250 million USD. TGI was founded in 1967, and today they boast assets valued at over 600 million US dollars. The oil company can explore more reserves outside of Dubai or purchase new offshore locations with their networks abroad.

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Their goal is to become one of the top-rated oil companies in Dubai. Due to finish its new 400 thousand sq meters facility by 2020, this will be at their Jebel Ali Industrial site and include offices and showrooms for customers.

One major challenge faced by this corporation is the oil price volatility. One major strength of the Company is that it can own and operate oil and gas production facilities all over the world.

  • Industry: – Oil and Gas
  • Employees: – 500
  • Founded: – 1967
  • Head Quarter- Dubai, United Arab Emirates
  • Revenue (USD): -$250 million
  • Website: – https://www.tgipower.com/

10.Al Masaood Oil & Gas

Al Masaood Oil & Gas
Al Masaood Oil & Gas

Al Masaood oil and gas is one of the leading oil companies in Dubai. They are also involved in financial services such as investment banking, brokerage, fund management, and asset management. Their work in oil drilling has been impressive since their intellectually skilled team provides excellent expertise for laying out rigs.

Additionally, their employees help manage all operations, including rig installation and maintenance; this Company is well-known by many oil experts worldwide because it gives great importance to safety.

Despite being one of the most profitable petroleum organizations around today, Al Masaood Oil & Gas started off slowly when its founders got their start in 1971. Only four people were working at that time.

In 1993, Al Masaood Oil & Gas became the leading drilling contractor in Dubai for energy companies requiring oil well services and other oilfield development projects.

  • Industry: – Oil and Gas
  • Employees: – 900+
  • Founded: – 1971
  • Head Quarter- Dubai, United Arab Emirates
  • Revenue (USD): – $11.68 million (US) (2015)
  • Total oil revenue: – 2015 $85,000,000 (US)
  • Website: – https://www.almasaoodoilgas.com/

Conclusion:

Dubai is famous for oil and gas companies. We covered a list of oil and gas companies in Dubai. We hope you’ll find this list helpful.

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