UAE a safe global oil, energy supply source: OPEC Secretary-General

UAE a safe global oil, energy supply source: OPEC Secretary-General

ABU DHABI – Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), said that the UAE’s policies aimed at ensuring global energy stability underscore its clear vision and key role in being a safe international source of energy and oil supplies, in line with the main objectives of OPEC.

Since joining the organisation the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification through other sources, and reduce costs.

In an exclusive interview with the Emirates News Agency (WAM), Al Ghais said that the UAE has successfully drafted an ambitious strategy for the energy sector, which will raise its oil production capacity to 5 million barrels per day by 2030. The country is a model for clear plans and mechanisms and their implementation, he added.

The UAE is one of the largest OPEC producers and has attained a significant stature in global energy and oil markets in terms of production, refinery, storage, transport, shipping and petrochemicals. It is also one of the countries witnessing a rapid decrease in oil and gas industry emissions, he further added.

Al Ghais described the UAE’s prominent role in the international oil market, highlighting its essential work in production