The UAE can raise production to 3.5 million barrels per day. only if needed.
Read More »Baku will Host OPEC+ Discussions on Impact of Oil Output Cuts on Markets
OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.
Read More »UAE Remains Committed to Oil Output Cut Deal
Compliance to the Declaration of Cooperation announced during the OPEC Ministerial meeting on November 30. 2017.
Read More »UAE Is Considering to Remove Energy Subsidies
Ministry wants to remove all forms of subsidies in gas and electricity to reflect real price.
Read More »Oil Markets ‘Need to Extend Output Cut Deal’
The UAE has not ceased oil investments since the onset of the price fall.
Read More »UAE Joins International Energy Charter as Observer
The International Energy Charter has a total of 80 member states. among others. Russia. the United States. France. Britain. Japan. Korea. India and Argentina.
Read More »OPEC Secretary-General Participates in 3rd GCC Petroleum Media Forum
The project is aimed at developing a comprehensive. multi-dimensional and easy-to-use tool for analysing publicly available oil and gas data.
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