UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub ...Middle East

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UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
source : OILPRICE ( Middle East ) () 14
Three key developments were announced last week by the UAE in line with its role as a principal member of the U.S.’s new Middle East strategy to counter China’s dramatically increasing influence over the region: plans for a major economic expansion; plans to attract more oil trade into new contracts; and plans to counter Iranian threats to oil supplies through the Strait of Hormuz.  The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime…

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