Abu Dhabi was the only OPEC member not to nationalize the holdings of foreign investors in the mid-1970s. Today international oil companies from the United States, Japan, France, Britain and other countries continue to hold combined equity stakes of between 40 and 100 percent in Abu Dhabi’s vast oil concessions.
US companies are heavily involved as partners and suppliers to UAE energy companies.
The UAE is making a $15 billion investment in clean energy technologies, through its Masdar Initiative.