Advertisement
|11 October, 2018

UAE expects to raise oil output to meet demand: minister

UAE started to increase its oil production in the third quarter of this year and expects to further raise its output in October and November

 Worker on an offshore oil platform. Image used for illustrative purpose.

Worker on an offshore oil platform. Image used for illustrative purpose.

Getty Images

DUBAI - The United Arab Emirates started to increase its oil production in the third quarter of this year and expects to further raise its output in October and November to meet market demand, the UAE's Energy Minister Suhail al-Mazrouei said on Thursday.

"The UAE remains committed to working with its OPEC and non-OPEC partners to ensure balance and stability in the market, in the interests of both producers and consumers," Mazrouei wrote on his official Twitter account.

The Gulf OPEC member's December oil output "will be subject to customer's demand" and the country's oil production capacity will reach 3.5 million barrels per day by year-end, he added.

Advertisement

(Writing by Rania El Gamal; Editing by Himani Sarkar) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: https://twitter.com/Rania_ElGamal))