UAE Withdraws from OPEC and OPEC+ Without Consulting Other Members

Energy Minister Suhail Al Mazrouei confirms decision is policy-driven, effective May 1

opec opec+united arab emirates

Hızlı Bakış

The United Arab Emirates will withdraw from OPEC and OPEC+ effective May 1, Energy Minister Suhail Al Mazrouei told Reuters.
The minister confirmed the UAE did not consult with any other OPEC or OPEC+ participants before making this decision, describing it as a policy decision made after careful consideration of current and future production-related policies.

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Yazı boyutu

LONDON, April 28. /TASS/. Authorities of the United Arab Emirates did not consult with other OPEC and OPEC+ participants before deciding to leave the associations, Energy Minister Suhail Al Mazrouei told Reuters. The UAE did not raise the issue with any other country, the minister told the news agency. "This is a policy decision, it has been done after a careful look at current and future policies related to level of production," the minister added. The UAE will withdraw from OPEC and OPEC+ since May 1 of this year, WAM state agency said earlier today.

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Konularopec+united arab emirates energy oil production suhail al mazrouei withdrawal

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