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            • Oil Market Report - June 2026

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                • Country

                United Arab Emirates

                The majority of the energy produced in the United Arab Emirates is from natural gas and oil. The country is also a major exporter of oil and gas and it started using its strong solar PV potential in 2014 to produce electricity.

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                • Policy

                • Qatar

                • 2023

                Malaysia-Qatar Comprehensive Economic Cooperation

                On June 1 2023, the Malaysian Government through the Ministry of Economy announced opportunities for cooperation with the Qatari Government. Trading partners from the Gulf region (Qatar, Saudi Arabia, UAE) and the international investor community reacted very positively to this effort.The Malaysian government has announced several key policies such as allowing cross-border renewable energy trade, establishing regional markets for the purchase and sale of renewable energy, and doubling the renewable energy generation capacity target to 70% of total energy generation capacity by 2050.

                • Country

                Jordan

                The government of Jordan targets 10% of energy mix to come from renewables by 2020. The country has set up a fund, as well as duties and taxes exemptions on all manufactured locally and imported renewable energy sources equipment and systems.

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                • Policy

                • Qatar

                • 2021

                First NDC of Qatar

                …force on 4 November 2016, requires Parties to put forward their best efforts through "nationally determined contributions" (NDCs). These NDCs represent targets and actions for the post-2020 period.The first NDC of Qatar lists measures to diversify the economy from hydrocarbon with mitigation co-benefits in energy efficiency, clean energy and renewables, research and development, education, and tourism. It also includes adaptation actions with mitigation co-benefits in water management. infrastructure and transport, waste management, and awareness. According to the document, Qatar Petroleum (QP), now known as Qatar Energy, is committed to zero routine flaring by 2030. In addition…

                • Policy

                • Qatar

                • 1974

                Law No. 10 of 1974 on the Establishment of Qatar Petroleum - as amended

                The law establishes Qatar Petroleum, the national oil and gas company. The company is created under the Supreme Council for Economic Affairs and Investment but is vested with an independent juristic personality. This legislation determines that the exploration and drilling for oil, natural gas and other hydrocarbons, as well as the negotiation of contracts concerning it, in the State of Qatar shall be limited to Qatar Petroleum alone.

                 

                Thus, the corporation has the mandate to conduct business in the petroleum industry within Qatar and overseas including exploration of and drilling for oil, natural gas and hydrocarbons; production, refining, transporting and…

                • Country

                Algeria

                Algeria is a large oil and gas producer and exporter. In 2015, the country updated its Renewable Energy and Energy Efficiency Development Plan to 2030, and put greater focus on the deployment of large-scale renewables, including solar PV and onshore wind installations, through various incentive measures.

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                • Country

                Brunei Darussalam

                In 2014, Brunei adopted a strategic plan to achieve 10% share of renewables in the national energy mix by 2035. The plan provides the outline to introduce renewable energy policy and regulatory frameworks and to scale-up market deployment of solar PV.

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                • + 5 pages

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                • Country

                Azerbaijan

                Azerbaijan has one of the highest energy self-sufficiency ratios in the world as a major crude oil and natural gas producer. While the renewable sector has not seen as much attention, the government is now looking to stimulate investment and accelerate deployment, allowing for diversification of domestic energy consumption. In addition, the government is working on a new energy strategy that will set the stage for further policy shifts. Azerbaijan is part of the EU4Energy Programme, an initiative focused on evidence-based policymaking for the energy sector.

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                • + 5 pages

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                • Country

                Iceland

                In 2007, the Icelandic government released a Climate Change Strategy conceived as a framework for action and government involvement in climate change issues, and setting forth a long-term goal of reducing net greenhouse gas emissions by 50 to 75% of 1990 levels by 2050.

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                • + 5 pages

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                • Country

                Yemen

                In Yemen, less than half of the population has access to electricity. In 2010, the government launched a National Strategy for renewable energy and energy efficiency, which aims to develop grid and off-grid renewable energy and targets a 15% share of renewable electricity generation by 2025.

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