UAE commits to working with OPEC+ on decisions to ensure global oil market stability: Suhail Al Mazrouei

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the ministry is currently working on upgrading the UAE’s electric vehicle (EV) system adding new stations and entering into more partnerships with major global companies to boost the growth of the sector.

“This will increase the number of electric vehicles used in the UAE and reduce the carbon footprint of the transport sector,” Al Mazrouei told the UAE News Agency (WAM) on the sidelines of the Summit World Government Forum (GMG) 2024, which opened today in Dubai. “The ministry aims to set fair prices for the private sector to incentivize them to invest in fast charging stations for electric vehicles, thereby placing the UAE among the leading countries in the world in terms of electric vehicle infrastructure and charging speed.

Regarding his outlook on the global oil market in light of ongoing global changes, he said the UAE is committed to working with OPEC+ partners to study the market and make decisions that will ensure the stability of the global oil market, noting that the global oil market is vast and involves many variables and equations, including geopolitical situations around the world.

Al Mazrouei said that the World Government Summit 2024 attracts great interest globally, as evidenced by the remarkable participation of heads of state and government, business leaders and experts, senior officials and representatives international companies from all over the world.

WAM