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

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Indonesia's Medco Starts Production at Natuna Sea Fields

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Current News

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

Wood JV Gets EPC Job for Shell off Brunei

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

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