The UAE emphasizes that its withdrawal from OPEC is not directed against any other country.
The United Arab Emirates will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and "OPEC+" starting from May 1. Sultan Jaber, Minister of Industry and Advanced Technology of the UAE and CEO of the Abu Dhabi National Oil Company, said at the "Make it in the UAE" conference today that "the UAE is repositioning its position in the global energy landscape and withdrawing from OPEC and OPEC+ is a sovereign decision, not directed against any country."
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