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UAE Producing Near Capacity

OIL

The United Arab Emirates in producing oil near capacity according to its Energy Minister Suhail al-Mazrouei this week.

  • "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," he said.

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