Saturday, 04 December 2021 11:25 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.

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