The UAE remains fully committed to the Declaration of Cooperation issued by OPEC+ oil producing countries, according to the Ministry of Energy and Infrastructure. The UAE “reiterates” that any decisions will be taken collectively by the OPEC+ group at the next Ministerial meeting. The comments come amidst major developments in …
Read More »UAE Says No Logic to OPEC+ Increasing Oil Production Faster
The United Arab Emirates said there was no need for OPEC+ to increase oil production any faster, despite pressure from major consumers such as the U.S. and Japan for the group to help ease gasoline prices. “There is no logic to increasing our contribution,” UAE Energy Minister Suhail Al-Mazrouei said …
Read More »The UAE’s Decision to Host Cop28 is a Chance for a New Narrative
How many times has the Conference of the Parties – the annual UN climate conference – been held in a major oil and gas exporting country? Only twice, compared with 14 in Europe and four times in Germany. So, the decision to hold 2023’s Cop28 in the UAE is a …
Read More »Global Experts at Adipec to Discuss Critical Role of Hydrogen
Adipec, the world’s most influential live and in-person meeting place for energy companies and professionals, will discuss in detail how hydrogen can potentially deliver a holistic, clean, integrated approach to region’s energy sector. Taking place immediately after the UN climate meeting COP 26, Adipec will bring together hundreds of ministers, …
Read More »The UAE’s Net Zero Plan by 2050 is the Only Way
Rome wasn’t built in a day, the saying goes. To deal with a security threat as universal and pressing as climate change, all countries need to agree on a vision and a timeline. They need clear objectives to be met within stipulated time periods, often encompassing decades. Then comes the …
Read More »UAE Seeks $100 Billion India Trade as It Deepens Ties
The United Arab Emirates is seeking to more than double non-oil trade with India to as much as $100 billion over five years as part of efforts to deepen ties with fast-growing economies beyond the Middle East. The two governments have started talks on an economic pact aimed at boosting …
Read More »UAE to Become Major Player in Blue Hydrogen Market
The UAE is seeking a leadership position in blue hydrogen as it looks to achieve self-sufficiency in natural gas and tap the growing market for low-carbon fuel. The managing director and group chief executive of Abu Dhabi National Oil Company addressed a Gastech industry event on Tuesday, in Dubai. “Already …
Read More »UAE Sells another Blue Ammonia Shipment to Japan in Push toward Hydrogen
The United Arab Emirates sold its third shipment of blue ammonia to Japan, as the oil producer looks to build a hydrogen industry as it plans for the transition of global energy. Abu Dhabi National Oil Co. (ADNOC) will send its cargo to INPEX Corp. for use in power generation …
Read More »UAE to Build Waste-to-Energy Plants to Burn Two Thirds of Trash
The UAE plans to build a series of waste incinerators that will eventually burn up to two thirds of the country’s trash to deal with a growing refuse problem. Dubai is constructing a $1.1 billion waste-to-energy facility, one of the largest in the world, while a smaller plant in being …
Read More »UAE Resolves Standoff with OPEC, Agrees to Saudi Arabia’s Output Proposal
The United Arab Emirates has resolved its standoff with OPEC+ and reached a compromise deal that will give it a new output quota, said a delegate. The cartel will set a new date for a meeting soon, the delegate said, asking not to be named because the information was private. …
Read More »