São Paulo – The United Arab Emirates is producing oil near its maximum production capacity. So said Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure of the Gulf country, the UAE state news agency WAM reported.
The minister of Energy and Infrastructure stated that the UAE is producing near to its maximum production capacity based on its current Organization of the Petroleum Exporting Countries (OPEC+) production baseline of 3,168 mbopd.
“’In light of recent media reports, I would like to clarify that the UAE is producing near to our maximum production capacity based on its current OPEC+ production baseline (3,168 mbopd) which UAE is committed by until the end of the agreement,’” the minister said according to WAM.
Translated by Guilherme Miranda