UAE to ensure oil markets are well-supplied

The UAE will pump heavy investment into the oil and gas sector to ensure the world oil market receives the supplies it needs, Mohammed bin Dhaen Al Hamili, UAE Minister of Energy, has affirmed. “Over the past years, the UAE and other producers have invested billions of dollars in increasing long-term sustainable capacity. We will continue to invest in order to ensure that the oil market remains well supplied, not just in the short term but over the coming years,” he told the 13th International Oil Summit in Paris. “This implies heavy investment, not just in hydrocarbon production, but also in renewable energy sources.”