The UAE Isn’t Ditching Oil For Renewables Just Yet ...Middle East

Economy by : (OILPRICE) -
The UAE has no plans to curb its oil production in favour of renewables, with the country’s climate minister pointing to strong global demand as a driver for greater crude output. As one of the few countries with the potential to increase its oil output, the UAE is continuing to boost its production in line with demand. However, the leader of state-owned oil company ADNOC worries that if other countries do not continue to invest in oil and gas, we could face energy shortages in the transition to renewables. In September, the United Arab Emirates…

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