COP27 - UAE Says Will Keep Pumping Oil as Long as the World Needs It

Mahmoud Mourad
Monday, November 7, 2022

The United Arab Emirates will be a responsible supplier of oil and gas for as long as the world needs, its President Sheikh Mohammed bin Zayed al-Nahyan said on Monday at the start of two weeks of climate talks in Egypt.

He added the Gulf nation, which is one of OPEC's biggest producers but has also invested in renewable energy, was focused on reducing the carbon impact of its fossil fuel output.

"The UAE is considered a responsible supplier of energy and it will continue playing this role for as long as the world is in need of oil and gas," he said. 

"Oil and gas in the UAE is among the least carbon intensive  around the world and we will continue to focus on lowering carbon emissions emanating from this sector." 

Egypt's Conference of the Parties (COP) is the latest of decades of U.N. talks to try to curb climate change caused by the use of fossil fuels.

Next year's COP28 summit will be hosted by the UAE in Dubai's Expo City and will assess the implementation of the 2015 Paris climate agreement that seeks to limit to global warming to 1.5 degrees Celsius above pre-industrial levels.

The UAE president said his country was among the first in the Gulf region to announce a plan for carbon neutrality by 2050 and last week signed a $100 billion agreement with the United States with the goal of adding 100 gigawatts of renewable energy globally by 2035.     


(Reuters - Reporting by Mahmoud Mourad, Nafisa Eltahir and Omar FahmyEditing by Gareth Jones and Barbara Lewis)

Categories: Energy Middle East Emissions Activity Production

Related Stories

UAE Exit Weakens OPEC, Raises Risk of Price War

Middle East Conflict Jolts Offshore Drilling Market

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

MidEast Energy Output Recovery to Take Two Years, IEA Says

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Energy Crisis from War on Iran Deeper Than Widely Assumed

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Current News

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com