Sunday, June 22, 2025
Caspian Barrel
Advertisement
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • About Us
  • Azərbaycan
  • English
  • Русский
No Result
View All Result
Caspian Barrel
No Result
View All Result

UAE Bets Big On Space Tech To Diversify From Oil

30/09/2020
UAE Bets Big On Space Tech To Diversify From Oil
0
VIEWS
Share on FacebookShare on Twitter

OPEC’s third-largest oil producer, the United Arab Emirates (UAE), is shooting for the moon—quite literally—as part of its space strategy to diversify its oil-dependent economy. 



The UAE will launch by 2024 the first-ever mission of an Arab country to the Moon, Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and ruler of the Emirate of Dubai, said on Tuesday. 

“We are launching the first-ever Arab mission to the moon by 2024. The lunar rover will send back images & data from new sites of the moon that haven’t been explored by previous lunar missions. The gathered data will be shared with global research centers & institutions,” Sheikh Al Maktoum said. 

“The rover will be 100% manufactured and developed in the UAE by Emirati Engineers. The UAE will be the fourth country in the world to send a mission to explore the moon. We will continue our contribution to the global pursuit of knowledge for the benefit of humanity,” he added.

The UAE, one of OPEC’s key producers and most influential members, has a National Space Policy aiming to support and protect its national interests and vital industries, and contribute to the diversification and growth of the economy. 

In July this year, the UAE sent a historic first mission to Mars, sending the probe Hope, which is expected to arrive on Mars in February next year. 

Despite the fact that the UAE economy is relatively diversified when compared to other Gulf oil producers, it, too, suffered a hard blow from the latest oil price crash and needed to replenish its reserves urgently. In August, the UAE also became the nation hosting the Arab World’s first nuclear power plant, which is already operational and connected to the grid. 

With the start-up of Unit 1 of the Barakah Nuclear Energy Plant in Abu Dhabi, the UAE became the first country in the Arab world, and the 33rd nation globally, to develop a nuclear energy plant to generate electricity, helping the oil-rich emirates to move towards electrification of its energy sector and decarbonization of its electricity production, the Emirates Nuclear Energy Corporation (ENEC) said in August.

oilprice

Tags: neftSpace TechUAE

Related Posts

Due to the high price of oil, Azerbaijan’s foreign exchange reserves increased to a historical maximum
Azerbaijan

Due to the high price of oil, Azerbaijan’s foreign exchange reserves increased to a historical maximum

20/06/2022
«Шоковая ситуация»: у США осталось нефти на полтора месяца
İnteresting News

Cheaper Oil May Be Short Lived

16/03/2022
Россия и ОПЕК разморозят заморозку
İnteresting News

Oil hits highest since 2014 on Russia-Ukraine escalation

22/02/2022
Analyst Forecasts Oil Moves Through February and Beyond
İnteresting News

Analyst Forecasts Oil Moves Through February and Beyond

28/01/2022
Top Seven Energy Transition Trends To Keep An Eye On In 2022
İnteresting News

Top Seven Energy Transition Trends To Keep An Eye On In 2022

12/01/2022
China boosts imports of Saudi oil, sharply increases purchases of crude in UAE
İnteresting News

China boosts imports of Saudi oil, sharply increases purchases of crude in UAE

20/04/2021
WTI Crude Price
Brent Crude Price

İnteresting News

Farewell plan for Russian gas: Strategy or ‘showcase’?

21/06/2025
Vacancy

International Company is looking for an Operations Engineer

19/06/2025
Green energy

Russia’s Rosatom, China’s CNNC to lead consortiums to build first nuclear power plants in Kazakhstan

18/06/2025
Azerbaijan

About 21 bcm of gas produced in Azerbaijan in five months

18/06/2025
Vacancy

“CYBERİA İNTERNATİONAL LLC-FZ” branch in Azerbaijan Republic is looking for Onshore Geotechnical Supervisor

11/06/2025
Vacancy

Siemens Energy Global GMBH & CO KG is looking for a Sales Director for Turkey & Central Asia

11/06/2025
Vacancy

International company is looking for a Project Director

11/06/2025
Azerbaijan

SOCAR signs natural gas sale agreement with Germany’s SEFE

10/06/2025
Vacancy

International Company is looking for a Senior Fishing Tools Supervisor

10/06/2025
Vacancy

International Company is looking for an Operations Manager

10/06/2025

No Result
View All Result
  • Azərbaycan
  • English
  • Русский
  • Azerbaijan
  • Russia
  • Kazakhstan
  • Turkmenistan
  • Iran
  • İnteresting News
  • Green energy
  • Vacancy
  • Contact

© 2014 - 2024 CaspianBarrel - Xəzərin neft və qaz xəbələri.