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| 25 September, 2017

UAE's oil supply cut compliance is 100% - energy minister

UAE Energy Minister Suhail Al-Mazroui attends a ministerial conference in Riyadh November 4, 2015.

UAE Energy Minister Suhail Al-Mazroui attends a ministerial conference in Riyadh November 4, 2015.

REUTERS/Faisal Al Nasser

The United Arab Emirates energy minister said the country's compliance with a pact on global oil supply cuts stood at 100%


ABU DHABI - The United Arab Emirates energy minister said the country's compliance with a pact on global oil supply cuts stood at 100 percent. "UAE compliance is 100 percent and we announce cuts every month," Suhail al-Mazroui told reporters on the sidelines of an event in the the capital Abu Dhabi on Monday.

"In the last two months we cut 10 percent of our exports," he said.

Al-Mazroui has said that the Abu Dhabi National Oil Company (ADNOC) had cut crude allocations by 10 percent in September and October.

(Reporting By Stanley Carvalhi; Writing By Maha El Dahan)

© Reuters News 2017