
oil and gas with a fraction of the landmass of some of its gulf neighbours, the uae is nonetheless the region s fourth largest exporter of crude oil, after saudi arabia, iran and iraq. the uae has the world s sixth largest proven reserves of conventional crude oil and seventh largest proven reserves of natural gas. although only the world s ninth biggest oil producer, it is the fifth largest net oil exporter, with only russia and saudi arabia exporting substantially more. the uae s crude exports closely approach those of iran, iraq, and kuwait, which all have bigger reserves. u n i t e d a r a b e m i r at e s 2010