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The decision reflects the UAE’s long-term economic and strategic vision, including plans to expand domestic energy production and maintain an active role in the global energy market.
The move follows a comprehensive review of the country’s production policies, capabilities, and future outlook, aligned with national interests and commitments to meeting global energy demand. The UAE has been a member of OPEC since 1967.
[VOVWORLD] - When Vietnam issued Resolution 70-NQ/TW on ensuring national energy security through 2030, with a vision to 2045, the message went beyond a development plan to reflect a national development vision in an era when energy security is increasingly intertwined with economic security, said Nguyen Son Tung, an investor at the UK’s M&G Investments and co-founder of the Vietnam Finance and Investment Association in the UK (VIFA).
[VOVWORLD] - Executive Director of the International Energy Agency (IEA), Fatih Birol, warned on Tuesday that the conflict involving the US and Israel with Iran could trigger the most severe energy crisis the world has ever faced.
[VOVWORLD] - The impact of the war in the Middle East is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries, according to a joint statement released on Monday by the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank (WB).
