The UAE wants to reduce its dependence on natural gas imports. That’s according to the energy minister, who’s announced a AED 130 billion investment to diversify the country's energy resources. His Excellency Suhail Al Mazroui says he aims to decrease the UAE’s dependence on natural gas from 100% now to 70% by 2021. The UAE also plans to boost its oil production capacity to 3.5 million barrels per day by 2017.
Putin thanks UAE President for Russia-Ukraine mediation efforts
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Russian President Vladimir Putin on Saturday, during which they discussed various aspects of cooperation and joint efforts aimed at strengthening the strategic partnership between the two countries.
UAE President, Australian Deputy PM discuss defence, regional security
UAE President Sheikh Mohamed bin Zayed Al Nahyan met Australia’s Deputy Prime Minister and Defence Minister Richard Marles in Abu Dhabi on Saturday.
UAE, IMO discuss Strait of Hormuz shipping security
UAE Minister of State Lana Nusseibeh has held talks with International Maritime Organization Secretary-General Arsenio Dominguez on maritime security in the Strait of Hormuz and the Arabian Gulf.
UAE says OPEC, OPEC+ exit was sovereign strategic decision
The UAE's decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+) was a "sovereign strategic choice" and not "driven by political considerations", Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said on Saturday.
