UAE Withdraws from OAPEC

Decision to quit OPEC and OPEC+ also took effect on May 1

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Hızlı Bakış

The United Arab Emirates withdrew from the Organization of Arab Petroleum Exporting Countries (OAPEC) effective May 1, the organization confirmed.
OAPEC, headquartered in Kuwait and coordinating energy policies among Arab oil-producing states, thanked the UAE for its role during membership and support for joint oil and gas sector actions.
The UAE's departure from both OAPEC and OPEC+ coincided on the same date.

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TUNIS, May 3. /TASS/. The United Arab Emirates (UAE) withdrew from the Organization of Arab Petroleum Exporting Countries (OAPEC) from May 1, the organization said in a statement. OAPEC, a multi-governmental organization headquartered in Kuwait which coordinates energy policies among oil-producing Arab states, thanked the UAE for the role it played during its membership and for its support for joint actions in the oil and gas sector. The UAE's decision to quit OPEC and OPEC+ came into effect on May 1.

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