Tag Archives: United Arab Emirates

The United Arab Emirates and Iraq have started regaining their share in India’s oil import basket as the world’s largest oil exporters Saudi Arabia and Russia plan to keep their production low to boost the prices. Russia, however, continues to hold 42% of the share. While the UAE increased its …

Japan’s crude oil imports from the United Arab Emirates amounted to 25.63 million barrels in June 2023, or 37.4 percent of total imports, the Natural Resources and Energy Agency of Japan’s Ministry of Economy, Trade and Industry said. During June, Japan’s total crude oil imports were 68.5 million barrels, of …

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 President-Designate has urged countries to join the Global Cooling Pledge. The pledge is the outcome of a partnership between the United Nations Environment Programme (UNEP) and the COP28 Presidency, announced earlier in the year. In …

Current actions by OPEC+ to support the oil market are sufficient for now, UAE Energy Minister Suhail al-Mazrouei said on Friday, and the group is “only a phone call away” if any further steps are needed. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by …

The United Arab Emirates won’t be making further voluntary OPEC+ oil production cuts at the present time, said the country’s energy minister. The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the …

The United Arab Emirates plans to invest as much as $54 billion on renewables over the next seven years as part of efforts to reach net zero emissions by 2050. The nation is targeting a threefold increase in the share of energy produced from renewable sources over the period and …

The head of the upcoming COP28 climate summit, who also is the chief executive of the UAE’s national oil company, has acknowledged that a reduction in the use of fossil fuels is inescapable. “The phase down of fossil fuels is inevitable,” Sultan al-Jaber said on the sidelines of technical climate …

The European Commission and the United Arab Emirates pledged on Wednesday to build support ahead of this year’s COP28 climate summit for global goals to expand renewable energy, which they said would help countries shift from “unabated” fossil fuels. In a statement agreed after a meeting of officials in Brussels, …

The UAE is a recognised global leader in tackling the challenges related to energy, climate change and sustainable development. Not only in words, but also in its actions with major investments into the development and deployment of renewables and technologies focused on reducing greenhouse gas emissions. Dr. Al Jaber is …

The United Arab Emirates (UAE) said on Tuesday (May 9) that countries should agree to phase out fuel emissions – not the production of oil, gas and coal – at the upcoming United Nations climate change negotiations that it will host this December. The comments reflect deep divisions between nations …