UAE announces decision to withdraw from Opec, Opec+ from May 1
After leaving Opec, the UAE will continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions
The decision, which comes after six decades of being a part of the organisation, was made after the nation’s production policy and its capacity was reviewed.
Roughly half of the United Arab Emirates’ daily oil exports are delivered through Fujairah, whose location on the Gulf of Oman allows the United Arab Emirates to bypass the geopolitically volatile Strait of Hormuz. Oil is delivered to Fujairah from the oil-rich emirate of Abu Dhabi through the Habshan-Fujairah oil pipeline, which began operations in 2012. In 2025 about 1.7 million barrels of crude oil were exported from Fujairah per day.
Retired, living in the Scottish Borders after living most of my life in cities in England. I can now indulge my interest in all aspects of living close to nature in a wild landscape. I live on what was once the Iapetus Ocean which took millions of years to travel from the Southern Hemisphere to here in the Northern Hemisphere. That set me thinking and questioning and seeking answers.
In 1998 I co-wrote Millennium Countdown (US)/ A Business Guide to the Year 2000 (UK) see https://www.abebooks.co.uk/products/isbn/9780749427917
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