The future of the energy industry in the United Arab Emirates is bright and will reach new heights in the future, the oil minister of the UAE, Suhail Al Mazrouei has said. At an event titled “Charting the Future of the UAE’s Energy Sector”, Al Mazrouei said that the UAE had ambitious goals in low-carbon energy and was seeking to engage partners both at home and abroad to advance the country’s ambitions. The UAE is the third-largest producer in OPEC, along with Kuwait, after Saudi Arabia and Iraq. Although traditionally a staunch ally of the OPEC de facto leader, recent media reports have suggested relations between the two countries have cooled. If the trend continues, it would suggest that the UAE’s energy future will be decoupled from Saudi Arabia’s, even as the two remain partners in OPEC.

Source: The North Africa Journal March 13, 2023 18:37 UTC