The United Arab Emirates supports the role of the Organization of the Petroleum Exporting Countries (OPEC) in the stabilisation of oil markets, an official from the country’s energy ministry is reported to have said recently.
“The UAE continues to strongly support the role of OPEC in the stabilisation of the oil market as we believe it continues to have a decisive role in protecting the interest of oil-producing countries,” Matar al-Neyadi, undersecretary for the Ministry of Energy, told a conference in Abu Dhabi lately.
Speaking at the same event, Abdullah Salem al-Dhaheri, the director of marketing and refining at Abu Dhabi National Oil Company (ADNOC) said oil markets will remain volatile in the short term but will regain their balance in the second half of this year.
Data available as on 5:30pm 11.05.2016
www.ogronline.com is Oman’s first oil and gas news portal. It is the digital extension of Oil & Gas Review (OGR) print magazine launched in 2008. The portal endeavours to be the most exclusive source of editorial insights into Oman’soil & gas industry and a must have publication catering to the Sultanate’s energy professionals’ community. The energy sector globally is an increasingly sophisticated place and Oman is no exception. OGR embodies that sophistication – in the content we publish, the design we create – because the readers we connect with are sophisticated.
UMS Group is one of the top media and communications’ companies in the GCC region. Visit our other Group sites
Copyright © 2018 United Media Services. All rights reserved.