Tuesday, 30 November 2021 07:06 GMT

UAE’s Energy Ministry commits to Opec+ agreements


(MENAFN) The Emirate does not obtain “prior” position before a close conference gathering Opec+ creators during regulations applied by the United States and chief oil producers to lower costs.

the UAE's energy ministry mentioned in a report held by state news agency Wam, “The energy ministry confirms that the United Arab Emirates is fully committed to the cooperation agreement with Opec+ and that there is no prior stance on the upcoming meeting.”

The report also included that the UAE “remains fully committed to the Declaration of Cooperation (Opec+) and reiterates that any decisions will be taken collectively.”

At a late time on Wednesday, Nov. 24 state news agency announced, the Kuwaiti oil minister Muhammad Al-Faris assured his nation’s backing of the Opec+ deal.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.